On or around 12/06/2017 (Other)
Filing Date: August 02, 2017
According to the Complaint, on June 29, 2017, the Board caused the Company to enter into an agreement and plan of merger (“Merger Agreement”), pursuant to which the Company’s shareholders stand to receive $23.05, $4.00 of which will be paid as a “special dividend,” in cash for each share of Parkway stock they own (the “Merger Consideration”), which represents a discount of 12% to the Company’s 52-week high of $26.20.
The Complaint alleges that on July 27, 2017, in order to convince Parkway shareholders to vote in favor of the Proposed Merger, the Board authorized the filing of a materially incomplete and misleading Preliminary Proxy Statement on a Schedule 14A (the “Proxy”) with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act.
Plaintiff filed an amended Complaint on August 9, 2017.
On December 5, 2017, Plaintiff filed a Notice of Dismissal with Prejudice as to all Defendants. The Court issued an Order dismissing the Case with Prejudice on December 13.
Company & Securities Information
Defendant: Parkway, Inc.
Industry: Real Estate Operations
Headquarters: United States
Ticker Symbol: PKY
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
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