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Zep, Inc. (ZEP)

(NYSE: ZEP)

Summary

INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Zep, Inc. (ZEP) Over the Proposed Sale of the Company to New Mountain Capital in a Cash Deal

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Zep, Inc. (“Zep” or the “Company”) (NYSE: ZEP) for potential breaches of fiduciary duties in connection with the sale of the Company to New Mountain Capital for approximately $692 million.  The Company’s stockholders will only receive $20.05for each share of Zep common stock they own. However, at least one analyst has set a price target of $21.00 for the Company’s shares.

The investigation focuses on whether Zep’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 Zep’s shareholders.

If you own common stock in Zep and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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  • Company:
    Zep, Inc. (ZEP)
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Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 04/13/2015

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