WILMINGTON, Del., Aug. 17, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of zulily, inc. (NASDAQ GS: ZU)?
- Did you purchase any of your shares prior to August 17, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of zulily, inc. ("zulily" or the "Company") (NASDAQ GS: ZU) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Liberty Interactive Corporation ("Liberty Interactive") (NASDAQ GS: QVCA), in a transaction valued at approximately $2.4 billion.
Click here to learn more: http://rigrodskylong.com/investigations/zulily-inc-zu.
Under the terms of the agreement, shareholders of zulily will receive $9.375 in cash and 0.3098 newly issued shares of QVCA for each zulily share they own. Based on QVCA's closing price on August 14, 2015, zulily shareholders would have received compensation valued at approximately $18.75 per share.
The investigation concerns whether zulily's board of directors failed to adequately shop the Company and obtain the best possible value for zulily's shareholders before entering into an agreement with Liberty Interactive.
If you own the common stock of zulily and purchased your shares before August 17, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://rigrodskylong.com/investigations/zulily-inc-zu.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
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