Faruqi & Faruqi, LLP Announces the Investigation of zulily, Inc. (ZU) Over the Proposed Sale of the Company to Liberty Interactive
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.
If you own common stock in zulily and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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