NEW YORK, Aug. 21, 2015 /PRNewswire/ -- 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 $18.17 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
$18.14 on August 21, 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
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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, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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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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