NEW YORK, May 10, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Zayo Group Holdings, Inc. ("Zayo" or the "Company") (NYSE: ZAYO) in connection with the proposed acquisition of the Company by Digital Colony Partners LP and EQT Infrastructure IV Fund. Under the terms of the acquisition agreement, Zayo shareholders will receive $35.00 per share.
If you own Zayo shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
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New York, NY 10036
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WeissLaw is investigating whether Zayo's Board acted to maximize shareholder value prior to entering into the acquisition agreement. Notably, Zayo has traded at around $37.09 per share. An investment banking firm and research company has set a price target of $45.00 per share.
Given these facts, WeissLaw is concentrating its investigation on whether Zayo's Board conducted a fair process in agreeing to the proposed acquisition, whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com.
SOURCE WeissLaw LLP