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Cousins Properties, Parkway Properties to merge in stock-for-stock deal

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Cousins Properties, Parkway Properties to merge in stock-for-stock deal

andParkway Properties Inc.agreed to a stock-for-stock merger.

Thedeal will result in a "larger and more diverse Cousins" and a newHouston-based company that will be spun off as a publicly traded REIT,according to a news release.

More details to follow…