Shareholder Alert: Ademi & O’Reilly, LLP Investigates Whether Parkway, Inc. Has Obtained a Fair Price in Its Sale to Canada...
30 Junio 2017 - 9:40AM
Business Wire
Ademi & O’Reilly, LLP is investigating the Board of
Directors of Parkway, Inc. (Nasdaq: PKY) for possible breaches of
fiduciary duty and other violations of Maryland law in connection
with the sale of Parkway to Canada Pension.
Click here to learn how to join the action:
http://ademilaw.com/case/parkway or call Guri Ademi toll-free at
866-264-3995. There is no cost or obligation to you.
Ademi & O’Reilly, LLP alleges Parkway’s long-term financial
outlook is improving and yet Parkway shareholders will receive the
equivalent of $23.05 per share. Canada Pension is well aware of
Parkway’s improving financial metrics and is purchasing Parkway at
a substantial discount. The merger agreement unreasonably limits
competing bids for Parkway by (i) prohibiting solicitation of any
further bids, and (ii) imposing a termination penalty should
Parkway receive and accept a superior bid. Parkway insiders, their
affiliates and other major shareholders own significant voting
stock, and will receive millions of dollars as part of change of
control arrangements, and therefore can unduly influence a sale of
Parkway. Our investigation centers on the conduct of Parkway’s
Board of Directors, who have unanimously approved the transaction,
and whether they are (i) fulfilling their fiduciary duties to all
shareholders, and (ii) obtaining a fair and reasonable price for
Parkway given its current financial condition and prospects.
If you own common stock in Parkway and wish to obtain additional
information, please contact Guri Ademi either at
gademi@ademilaw.com or toll-free: 866-264-3995, or
http://ademilaw.com/case/parkway.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20170630005416/en/
Ademi & O’Reilly, LLPGuri AdemiToll Free: (866) 264-3995Fax:
(414) 482-8001
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