SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Zep, Inc.
April 20 2015 - 6:35PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Zep, Inc. ("Zep” or "the Company") (NYSE: ZEP) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to New Mountain Capital
(“New Mountain”).
Click here to learn more about the investigation
http://brodsky-smith.com/916-zep-zep-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Zep shareholders will
receive only $20.05 in cash for each share of Zep stock they own.
The investigation concerns whether the Board of Zep breached their
fiduciary duties to shareholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
New Mountain is underpaying for Zep. The transaction may both
undervalue Zep and would result no real gain for many long term
holders of Zep stock. For example, Zep previously has traded above
the deal price, closed today above the deal price, and an analyst
has set a $21.00 per share price target for Zep stock.
If you own shares of Zep and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/916-zep-zep-inc.html, or calling toll free
877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/916-zep-zep-inc.html