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Parkway completes US$1.2B merger with Canadian pension fund affiliate

Parkway Inc. completed its merger with a Canada Pension Plan Investment Board affiliate for US$1.2 billion.

Parkway stockholders approved the merger at a special meeting Sept. 25.

The per-share consideration of US$23.05 consists of US$19.05 per share plus a US$4.00-per-share special cash dividend paid Oct. 10.