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Cousins, Parkway merger closes, Houston-focused spinoff ready

Cousins Properties Inc. completed its merger with Parkway Properties Inc., with the combined entity set to commence trading on the NYSE on Oct. 6 under the symbol CUZ, as expected.

Further, Cousins expects to complete the spinoff of the Houston-based assets of the combined entity into a new publicly traded REIT Oct. 7. The new REIT will be called Parkway Inc. and will also trade on the NYSE.