July 7, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Parkway Inc (NYSE:PKY), was announced concerning whether the takeover of Parkway Inc. by Canada Pension Plan Investment Board for $23.05 per share is unfair to NYSE:PKY stockholders.

The investigation by a law firm concerns whether certain officers and directors of Parkway Inc breached their fiduciary duties owed to NYSE:PKY investors in connection with the proposed acquisition.

On June 30, 2017, Canada Pension Plan Investment Board and Parkway, Inc. (NYSE: PKY) ('Parkway') announced that they have entered into an agreement under which Canada Pension Plan Investment Board will acquire 100% of Parkway, a Houston-based real estate investment trust, for US$1.2 billion, or US$23.05 per share.

However, given that at least one analyst has set the high target price for NYSE:PKY shares at $24.50 per share, the investigation concerns whether the offer is unfair to NYSE:PKY stockholders. More specifically, the investigation concerns whether the Parkway Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.