Parkway Properties Agrees to Merger with Thomas Properties Group, Thomas Holders to Get 0.3822/Share Parkway for Implied $6.26/Share

Parkway Properties, Inc. (NYSE: PKY ) ("Parkway") and Thomas Properties Group, Inc. (NYSE: TPGI ) ("Thomas Properties") announced today that they have signed a definitive merger agreement pursuant to which Thomas Properties will merge with and into Parkway in a stock-for-stock transaction valued at approximately $1.2 billion. The merger agreement was unanimously approved by