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RPT-CPPIB to buy Parkway Inc in $1.2 bln deal
June 30, 2017 / 12:57 PM / in 25 days

RPT-CPPIB to buy Parkway Inc in $1.2 bln deal

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(Repeats for wider distribution)

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)

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