NEW YORK, Oct. 17, 2024 /PRNewswire/ -- Nationally recognized shareholder rights firm Julie & Holleman LLP is investigating the proposed $1.7 billion buyout of Zuora, Inc. (NYSE: ZUO) by private equity firm Silver Lake, in partnership with Singaporean investment firm GIC Pte. Ltd.
For a free, no-risk consultation, please visit https://julieholleman.com/zuora-inc/, or contact firm partner Scott Holleman by email at scott@julieholleman.com or by telephone at (929) 415-1020.
Zuora provides a leading monetization suite to build, run, and grow a modern business through a dynamic mix of usage-based models, subscription bundles, and everything in between. Zuora's largest shareholder is Silver Lake, but its most powerful shareholder is founder, CEO, and Chairman of the Board Tien Tzuo, who controls approximately 40% of the company's voting power.
On October 17, 2024, Zuora announced that it agreed to be acquired by Silver Lake and GIC for $10 per share, with Tzuo agreeing to "roll over" a majority of his stake into the company upon completion of the deal.
Julie & Holleman is concerned about the inadequacy of the $10 per share deal price. Wall Street analysts have established a high stock price target of $15 per share, the average price target is $11.83 per share, and Zuora's stock traded above the deal price fewer than five months ago. Julie & Holleman is also concerned about conflicts of interest impacting the deal, as the two most influential shareholders may have misused their authority to push through a deal that is not in the shareholders' best interests.
Please visit https://julieholleman.com/zuora-inc/ or contact partner Scott Holleman by email at scott@julieholleman.com or by telephone at (929) 415-1020 for more information.
Julie & Holleman is a boutique law firm that focuses on shareholder litigation, including derivative actions, mergers and acquisitions cases, securities fraud class actions, and corporate investigations. The firm's attorneys litigate in state and federal courts across the nation and have helped secure hundreds of millions of dollars for aggrieved companies and their shareholders. For more information about the firm, please visit www.julieholleman.com. This notice may constitute attorney advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
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SOURCE Julie & Holleman LLP
