NEW
YORK, Oct. 17, 2024 /PRNewswire/ -- Nationally
recognized shareholder rights firm Julie & Holleman LLP is
investigating the proposed $1.7
billion buyout of Zuora, Inc. (NYSE: ZUO) by private equity
firm Silver Lake, in partnership
with Singaporean investment firm GIC Pte. Ltd.
For a free, no-risk consultation, please visit
https://julieholleman.com/zuora-inc/, or contact firm partner
Scott Holleman by email at
scott@julieholleman.com or by telephone at (929) 415-1020.
Zuora provides a leading monetization suite to build, run, and
grow a modern business through a dynamic mix of usage-based models,
subscription bundles, and everything in between. Zuora's largest
shareholder is Silver Lake, but
its most powerful shareholder is founder, CEO, and Chairman of the
Board Tien Tzuo, who controls approximately 40% of the company's
voting power.
On October 17, 2024, Zuora
announced that it agreed to be acquired by Silver Lake and GIC for $10 per share, with Tzuo agreeing to "roll over"
a majority of his stake into the company upon completion of the
deal.
Julie & Holleman is concerned about the inadequacy of the
$10 per share deal price. Wall Street
analysts have established a high stock price target of $15 per share, the average price target is
$11.83 per share, and Zuora's stock
traded above the deal price fewer than five months ago. Julie &
Holleman is also concerned about conflicts of interest impacting
the deal, as the two most influential shareholders may have misused
their authority to push through a deal that is not in the
shareholders' best interests.
Please visit https://julieholleman.com/zuora-inc/ or contact
partner Scott Holleman by email at
scott@julieholleman.com or by telephone at (929) 415-1020 for more
information.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions,
and corporate investigations. The firm's attorneys litigate in
state and federal courts across the nation and have helped secure
hundreds of millions of dollars for aggrieved companies and their
shareholders. For more information about the firm, please visit
www.julieholleman.com. This notice may constitute attorney
advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
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SOURCE Julie & Holleman LLP
