BALA CYNWYD, Pa., Aug. 17, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Zulily, Inc.("Zulily" or "the Company") (Nasdaq- ZU-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Liberty Interactive Corporation ("Liberty").
Click here to learn more about the investigation http://brodsky-smith.com/974-zu-zulily-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Zulily shareholders will receive only $9.375 in cash and 0.3098 of a share of Liberty for each share of Zulily stock they own. The transaction values Zulily at only approximately $18.75 per share. The investigation concerns whether the Board of Zulily breached their fiduciary duties to shareholders and whether Liberty is underpaying for Zulily. The transaction may undervalue Zulily and will result in a substantial loss for many Zulily shareholders. For example, Zulily stock traded at $19.89 per share as recently as February 11, 2015, and on February 27, 2014, traded at $72.75 per share.
If you own shares of Zulily and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/974-zu-zulily-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC