Rigrodsky & Long, P.A. Announces Investigation Of Thomas Properties Group, Inc. Buyout
09 Septembre 2013 - 9:56PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Thomas
Properties Group, Inc. (NYSE: TPGI)?
- Did you purchase any of your shares
prior to September 5, 2013?
- Do you think the proposed buyout
price is too low?
- 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 Thomas
Properties Group, Inc. (“Thomas Properties” or the “Company”)
(NYSE: TPGI) regarding possible breaches of fiduciary duties and
other violations of law related to the Company’s entry into an
agreement to be acquired by Parkway Properties, Inc. (“Parkway”)
(NYSE: PKY) in a transaction valued at approximately $1.2
billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/thomas-properties-group-inc-tpgi.
Under the terms of the agreement, public shareholders of Thomas
Properties will receive 0.3822 shares of newly issued Parkway
common stock for each share of Thomas Properties they own. Based on
Parkway’s closing stock price of $16.37 on September 4, 2013,
Thomas Properties shareholders would have received consideration
valued at approximately $6.26 per share.
The investigation concerns whether Thomas Properties’ board of
directors failed to adequately shop the Company and obtain the best
possible value for Thomas Properties’ shareholders before entering
into an agreement with Parkway. According to Yahoo! Finance, at
least one analyst has set a price target for Thomas Properties
stock at $7.00 per share.
If you own the common stock of Thomas Properties and purchased
your shares before September 5, 2013, if you have information or
would like to learn more about these claims, 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 Seth Rigrodsky or Shaye Fuchs at Rigrodsky
& Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City,
New York 11530, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/thomas-properties-group-inc-tpgi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth RigrodskyShaye
Fuchs888-969-4242516-683-3516Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
Thomas Properties Grp., Inc. (NYSE:TPGI)
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