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June 30 (Reuters) - Canada Pension Plan Investment Board (CPPIB) said on Friday it would buy Parkway Inc, a real estate investment trust, in a deal valued at $1.2 billion.
CPPIB will pay Parkway shareholders $19.05 per share and a $4 special dividend, the companies said on Friday.
The $23.05 per share offer represents a premium of 13 percent to Parkway's Thursday's close. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Anil D'Silva)