PHILADELPHIA, PA / ACCESSWIRE / November 21, 2024 / Kaskela Law LLC announces that it is investigating Zuora, Inc. (NYSE:ZUO) ("Zuora") on behalf of the company's shareholders.
Click here for additional information: https://kaskelalaw.com/case/zuora/
On October 17, 2024, Zuora announced that it had agreed to be acquired by an investment group led by private equity firm Silver Lake at a price of $10.00 per share in cash. Following the closing of the proposed transaction, Zuora's current stockholders will be cashed out of their investment position and the company's shares will no longer be publicly traded.
The investigation seeks to determine whether Zuora shareholders are receiving sufficient consideration for their shares, and whether Zuora's officers and/or directors breached their fiduciary duties or violated the securities laws in agreeing to sell the company at $10.00 per share. Notably, shares of Zuora's common stock traded above $10.50 per share as recently as May 2024.
Zuora shareholders who believe the buyout price is too law are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 - 0750 to receive additional information about this investigation and their legal rights and options with respect to the proposed merger. Alternatively, investors may submit their information to the firm by clicking on the following link (or by copying and pasting the link into your browser):
https://kaskelalaw.com/case/zuora/
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 - 1740
(484) 229 - 0750
www.kaskelalaw.com
This notice may constitute attorney advertising in certain jurisdictions.
SOURCE: Kaskela Law LLC
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