THOMAS PROPERTIES GROUP SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary ...
10 Setembro 2013 - 2:32PM
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 jlevi@zlk.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.
CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard
Korsinsky, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel:
(212) 363-7500Toll Free: (877) 363-5972Fax: (212)
363-7171www.zlk.com
Levi & Korsinsky, LLPJoseph E. Levi, Esq.(212) 363-7500,
toll-free: (877) 363-5972jlevi@zlk.com
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