ZULILY, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
20 August 2015 - 8:52AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of zulily, inc.
(NASDAQ GS: ZU)?
- Did you purchase any of your shares
prior to August 17, 2015?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of zulily,
inc. (“zulily” or the “Company”) (NASDAQ GS: ZU) regarding possible
breaches of fiduciary duties and other violations of law related to
the Company’s entry into an agreement to be acquired by Liberty
Interactive Corporation (“Liberty Interactive”) (NASDAQ GS: QVCA),
in a transaction valued at approximately $2.4 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/zulily-inc-zu.
Under the terms of the agreement, shareholders of zulily will
receive $9.375 in cash and 0.3098 newly issued shares of QVCA for
each zulily share they own. Based on QVCA’s closing price on August
14, 2015, zulily shareholders would have received compensation
valued at approximately $18.75 per share.
The investigation concerns whether zulily’s board of directors
failed to adequately shop the Company and obtain the best possible
value for zulily’s shareholders before entering into an agreement
with Liberty Interactive.
If you own the common stock of zulily and purchased your shares
before August 17, 2015, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/zulily-inc-zu.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20150819006285/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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