NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Thomas Properties Group, Inc. (“Thomas Properties” or the “Company”) (NYSE:TPGI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Parkway Properties, Inc.
Click here to learn more about the investigation http://zlk.9nl.com/thomas-properties-group-tpgi/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Thomas Properties shareholders will receive 0.3822 shares of Parkway Properties, Inc. (“Parkway”) stock for each share of Thomas Properties stock they own. Based on Parkway’s closing stock price on September 4, 2013, this represents a value of $6.26 per Thomas Properties share. The transaction has a total approximate value of $1.2 billion. The investigation concerns whether the Thomas Properties Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Parkway is underpaying for Thomas Properties shares. In particular, at least one analyst set a price target of $7.00 per Thomas Properties share.
If you own Thomas Properties common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/thomas-properties-group-tpgi/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.