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Parkway reportedly exploring sale, other options; shares +5.4%

Jul. 01, 2015 6:19 PM ETParkway Properties Inc. (PKY) StockPKYBy: Eric Jhonsa, SA News Editor
  • Bloomberg reports Parkway Properties (NYSE:PKY) is "in the early stages of exploring strategic options including a sale." The REIT is reportedly working with BofA/Merrill and Wells Fargo.
  • Parkway has risen to $18.50 AH. dealReporter reported last month Parkway is expected to pursue a sale or asset divestitures. TPG Capital (21% stake) would presumably have a large say in what transpires.

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Parkway Properties Inc.