Parkway Properties, Inc. (NYSE: PKY - News) announced today the pricing of 6.25 million shares of common stock in a public offering at a price of $13.71 per share. In addition, Parkway has granted to the underwriter for the public offering an option for 30 days to purchase up to 937,500 additional shares of common stock to cover overallotments, if any.
UBS Investment Bank is the sole underwriter for the offering. Subject to customary closing conditions, the offering is expected to close on April 27, 2009.
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