NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating claims on behalf of investors in Zuora, Inc. (NYSE: ZUO) concerning the offer to acquire Zuora by its controlling shareholders, Tien Tzuo, who is Zuora’s founder and CEO and the private equity firm Silver Lake in partnership with GIC Pte. Ltd. Under the terms of the acquisition, Zuora shareholders will receive $10.00 per share in cash.
According to Wolf Popper partner Carl Stine, “The deal price of $10.00 per share seems unfairly low. It is below Zuora’s 52-week high stock price of $10.85 per share in the year prior to the deal being announced, and below the average and high Street price targets of $11.60 and $15.00 per share, respectively.”
Wolf Popper is investigating claims on behalf of investors in Zuora concerning the proposed transaction. Investors seeking more information about the transaction or Wolf Popper’s investigation can contact Carl Stine at (212) 451-9631 or cstine@wolfpopper.com.
Wolf Popper has extensive experience representing investors in mergers and acquisition investigations and lawsuits. Wolf Popper was recently awarded one of Chambers and Partners’ USA Spotlight Guide top rankings for 2024. Nine Wolf Popper attorneys were named Super Lawyers or Rising Stars in the 2024 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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