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Parkway schedules shareholder vote on merger with CPPIB

Parkway Inc. scheduled a special stockholder meeting for Sept. 25 to vote on its proposed merger with affiliates of Canada Pension Plan Investment Board and related transactions.

Under the terms of the deal, Parkway agreed to be acquired by CPPIB for US$23.05 per share, or US$1.2 billion in the aggregate.

Parkway set market close Aug. 7 as the record date for shareholders entitled to vote at the meeting.