NEW YORK, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Zurn Water Solutions Corporation (NYSE: ZWS) breached their fiduciary duties or violated the federal securities laws in connection with the company’s merger with Elkay Manufacturing Company.
Click here to learn more and participate in the action.
On February 14, 2022, Zurn Water Solutions announced that it had entered into an agreement to merge with Elkay in an all-stock transaction. Pursuant to the merger agreement, Elkay shareholders will receive up to 52.5 million shares of Zurn Water Solutions, which will result in Elkay shareholders owning approximately 29% of the combined company and current Zurn Water Solutions shareholders owning approximately 71% of the combined company. The deal is scheduled to close in the third quarter of 2022.
Bragar Eagel & Squire is concerned that Zurn Water Solution’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Zurn Water Solution’s stockholders.
If you own shares of Zurn Water Solutions and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at mergers@bespc.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
mergers@bespc.com
www.bespc.com
