Parkway Inc. to be acquired in $1.2B deal

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Canada Pension Plan Investment Board plans to acquire Houston-based real estate investment trust Parkway Inc. (NYSE: PKY) for $1.2 billion, the companies announced June 30. The deal is expected to close in the fourth quarter of 2017 and has to be approved by Parkway shareholders. TPG Capital and its affiliates, which own a combined 9.8 percent of Parkway’s outstanding stock, agreed to vote in favor of the deal. Parkway shareholders will receive $23.05 per share, consisting of $19.05 per share…


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