- Zacks•47 minutes ago
The merger deal between Cousins Properties Incorporated (CUZ) and Parkway Properties Inc. (PKY) has received approval from stockholders of both the companies by an overwhelming majority.
- American City Business Journals•12 hours ago
Cousins Properties Inc. (CUZ) and Parkway Properties Inc. (PKY) said Tuesday that stockholders of both companies approved the companies' previously announced merger. Cousins announced in April it will buy Parkway in a $2 billion-plus deal that allows Cousins to exit a Houston office market weakened by the downturn in oil prices. The companies' combined Houston portfolios are being spun off into a separate publicly-traded real estate investment trust.
- PR Newswire•17 hours ago
ATLANTA and ORLANDO, Fla., Aug. 23, 2016 /PRNewswire/ -- Cousins Properties Incorporated ("Cousins") (CUZ) and Parkway Properties, Inc. ("Parkway") (PKY) announced that at special meetings held earlier today stockholders of both companies approved all proposals related to the previously announced stock-for-stock merger between Cousins and Parkway. At the special meeting of Cousins stockholders, approximately 92.01% of the outstanding shares were voted in favor of a proposal to amend Cousins' articles in connection with the merger. At the special meeting of Parkway stockholders, 88.5% of the outstanding shares of common and limited voted stock were voted in favor of the merger, which represented 98.67% of the votes cast at the special meeting.
Parkway Properties Inc. (PKY)
NYSE - NYSE Real Time Price. Currency in USD
|Day's Range||17.12 - 17.38|
|52wk Range||11.54 - 18.03|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||18.46|
|Avg Vol (3m)||599,131|
|Dividend & Yield||0.75 (4.39%)|