NEW YORK--(EON: Enhanced Online News)--The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Thomas Properties Group, Inc. (NYSE:TPGI) ("Thomas Properties") regarding possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Parkway Properties, Inc. ("Parkway").
Under the terms of the transaction, Thomas Properties' shareholders will receive 0.3822 shares of newly issued Parkway common stock in exchange for each share of Thomas Properties common stock, for an implied price per share of $6.26 based on Parkway's closing stock price on September 4, 2013. The investigation concerns whether the Thomas Properties Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company to obtain the best possible value for Thomas Properties shareholders. According to Yahoo! Finance, at least one analyst following Thomas Properties has set a target price of $7.00 per share.
If you own common stock in Thomas Properties and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://wongesq.9nl.me/thomas-properties-tpgi/.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.