ZULILY SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of zulily, Inc. (ZU) Over the Proposed Sale of th...
21 August 2015 - 12:31AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of zulily, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of zulily, Inc. (“zulily” or the “Company”) (NasdaqGS:ZU)
for potential breaches of fiduciary duties in connection with the
sale of the Company to Liberty Interactive for approximately $2.4
billion in a cash and stock transaction.
The Company’s stockholders will only receive $9.375 in cash and
0.3098 newly issued shares of Liberty Interactive for each Company
share they own. This is approximately $18.38 per share based on
Liberty Interactive’s opening price on August 20, 2015. However,
the offer represents an inadequate premium over the Company’s
opening price per share of $18.25 on August 20, 2015, and it is
even below the median analyst price target of $18.75 per share.
Click here for more information:
www.faruqilaw.com/ZU. There is no cost or
obligation to you.
The investigation focuses on whether zulily’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of zulily’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in zulily and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/ZU or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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version on businesswire.com: http://www.businesswire.com/news/home/20150820005781/en/
Faruqi & Faruqi, LLPJuan E. Monteverde, Esq.(877) 247-4292
or (212) 983-9330jmonteverde@faruqilaw.com
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