Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Thomas Properties Group, Inc. (“TPGI” or the “Company”) (NYSE: TPGI) relating to the proposed acquisition by Parkway Properties, Inc. (“Parkway”). Click here to learn more about the investigation http://brodsky-smith.com/638-tpgi-thomas-properties-group-inc.html, or call 877-534-2590. There is no cost or obligation to you. Under the terms of the transaction, TPGI shareholders will receive only 0.3822 shares of Parkway stock for each share of TPGI stock they own. The transaction values TPGI stock at approximately $6.26 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of TPGI for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the Company as an analyst has set a price target of $7.00 per share for TPGI stock. In addition, following the merger the President and CEO of TPGI will become Chairman of Parkway’s Board of Directors. If you own shares of TPGI common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com, by visiting http://brodsky-smith.com/638-tpgi-thomas-properties-group-inc.html, or calling toll free 877-LEGAL-90. Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
Shares of Thomas Properties Group (Nasdaq:TPGI) have taken a tremendous swing upward. The stock is trading at $4.92 as of 12:40 p.m. ET, 21.4% above Tuesday's closing price of $4.05. Volume is at 234,548, 2.8 times the daily average of 84,900.
The ex-dividend date for Thomas Properties Group (Nasdaq:TPGI) is Monday, November 21, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $2.84 as of 11:05 a.m., the dividend yield is 2.1%.