Law Offices of Howard G. Smith Announces Investigation of Thomas Properties Group, Inc.
Law Offices of Howard G. Smith Announces Investigation of Thomas Properties Group, Inc.
BENSALEM, Pa.--(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") (NYS: 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. Smith
Howard G. Smith, Esquire
(215) 638-4847
Toll Free (888) 638-4847
howardsmith@howardsmithlaw.com
http://www.howardsmithlaw.com
KEYWORDS: United States North America Pennsylvania
INDUSTRY KEYWORDS:
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