Oct
10

Cousins-Parkway Merger Closes, Though Parkway Lives On

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The two companies sealed the $2 billion deal Oct. 6.

Cousins Properties' 1.4 million-square-foot Post Oak Central complex in Houston will become part of the new REIT as part of the merger agreement with Parkway Properties.Cousins Properties’ 1.4 million-square-foot Post Oak Central complex in Houston will become part of the new REIT as part of the merger agreement with Parkway Properties.

Atlanta and Orlando—In what must have been quite the flurry of closing activity late last week, Cousins Properties Inc. completed its $2 billion-plus merger with Parkway Properties Inc., though the deal has by no means meant the end of Parkway, which re-emerged almost immediately as a significantly changed entity.

The merger, announced in late April, seems to have closed on schedule after stockholder approvals were obtained on Aug. 23. The completion of the spin-off appears to have taken place the following day…

Cousins-Parkway Merger Closes, Though Parkway Lives On

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