ZEP INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
May 08 2015 - 11:10AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Zep Inc.
(NYSE: ZEP)?
- Did you purchase any of your shares
prior to April 8, 2015?
- Do you think the proposed buyout
price 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 Zep Inc.
(“Zep” or the “Company”) (NYSE: ZEP) regarding possible breaches of
fiduciary duties and other violations of law related to the
Company’s entry into an agreement to be acquired by New Mountain
Capital, L.L.C. (“New Mountain”), in a transaction valued at
approximately $692 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/zep-inc-zep.
Under the terms of the agreement, public shareholders of Zep
would receive $20.05 in cash for each share of Zep they own.
The investigation concerns whether Zep’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Zep’s shareholders before entering into an agreement with
New Mountain. According to Yahoo! Finance, at least one analyst has
issued a price target for Zep stock at $21.00 per share.
If you own the common stock of Zep and purchased your shares
before April 8, 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://www.rigrodskylong.com/investigations/zep-inc-zep.
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.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com