Summary Franklin Street Properties Corp - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Franklin Street Properties Corp (FSP) is a real estate investment trust (REIT). It focuses on the investment and management of urban office buildings and central business district (CBD) ...
On October 12, 2017, Parkway, Inc. (PKY) merged with an affiliate of Canada Pension Plan Investment Board (CPPIB) in a deal that valued PKY at $1.2 billion or $23.05 per share. CPPIB’s strategic offer for PKY came in-line with our latest valuation of $1.1 billion or $23.00 per share for PKY. We valued PKY using 13.1x FY17e FFO post applying a disount over the median multiple of the Sun Belt peer group to reflect PKY’s concentrated Houston office portfolio. Company Description Canada Pensio...
NEW YORK--(BUSINESS WIRE)-- The Law Offices of Vincent Wong are investigating the Board of Directors of Parkway, Inc. (NYSE: PKY) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Canada Pension Plan Investment Board. Under the terms of the deal, Parkway, Inc. shareholders will receive $19.05 per share and a $4.00 special dividend for each share of Parkway that they own. The investigation concerns whether the Parkway, Inc. Board of Directors breached their ...
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Parkway, Inc. (“Parkway”) (NYSE: PKY) concerning the acquisition by Canada Pension Plan Investment Board. Under the terms of the agreement, valued at approximately $1.2 billion, Parkway shareholders will only receive $23.05 per Parkway share owned, comprised of $19.05 per share plus a $4.00 special dividend to be paid prior to closing. The consideration is signifi...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Parkway, Inc. (NYSE: PKY) (“Parkway” or the “Company”) relating to the proposed buyout of Parkway by Canada Pension Plan Investment Board. Under the terms of the agreement, Parkway shareholders are anticipated to receive $23.05, which consists of $19.05 per share plus a $4.00 ...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Parkway, Inc. (“Parkway” or the “Company”) (NYSE: PKY) stock prior to June 30, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Parkway, Inc. to Canada Pension Plan Investment Board. Under the terms of the transaction, Parkway shareholders will receive $19.05 per share and a $4.00 special dividend for each...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of Parkway, Inc. (NYSE: PKY)? Did you purchase any of your shares prior to June 30, 2017? Do you think the proposed buyout is fair? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Parkway, Inc. (“Parkway” or the “Company”) (NYSE: PKY) regarding possible breaches of ...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Parkway, Inc. (“Parkway” or the “Company”) (NYSE:PKY) stock prior to June 30, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Parkway, Inc. to Canada Pension Plan Investment Board. Under the terms of the transaction, Parkway shareholders will receive $19.05 per share and a $4.00 special dividend for each ...
On May 8, 2017, Parkway, Inc. (NYSE: PKY; $19.91; Market Capitalization: $1.0 billion) reported 1Q17 results. During the quarter, PKY garnered revenues of $71.4 million and Funds from Operations (FFO) of $25.9 million. Net loss widened to $12.7 million compared to $5.2 million in the year ago quarter primarily due to headwinds in the Houston market. Company DescriptionCousins Properties Incorporated (Parent) founded in 1958, Cousins Properties Incorporated (CUZ) develops, acquires, leases, mana...
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