Law Offices of Howard G. Smith Announces Investigation of Thomas Properties Group, Inc.
October 01 2013 - 11:49AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the Board of Directors of
Thomas Properties Group, Inc. (“Thomas Properties” or the
“Company”) (NYSE:TPGI) related to the proposed acquisition of the
Company by Parkway Properties, Inc. (“Parkway”). The transaction is
valued at approximately $1.2 billion, and under the terms of the
deal shareholders will receive 0.3822 shares of Parkway for each
share of Thomas Properties common stock owned.
This investigation concerns whether the Board of Directors of
Thomas Properties breached their fiduciary duties to stockholders
by failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction. The Company has seen substantial recent growth.
Further, at least one analyst has set a target price for the
Company’s stock at $7 per share.
If you are a shareholder of Thomas Properties, if you have
information or would like to learn more about our investigation, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll
Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith, Esquire(215)
638-4847Toll Free (888)
638-4847howardsmith@howardsmithlaw.comhttp://www.howardsmithlaw.com
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