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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Zais Grp. Holdings, Inc. (delisted) | NASDAQ:ZAIS | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.09 | 4.09 | 4.40 | 0 | 01:00:00 |
From May 2019 to May 2024
SAN DIEGO, Jan. 13, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of ZAIS Group Holdings, Inc. (NASDAQ: ZAIS) breached their fiduciary duties in connection with the proposed sale of the Company to the Z Acquisition LLC and Christian Zugel, the Company's Chairman and Chief Investment Officer. ZAIS is an investment management company, focusing on investments in specialized credit strategies.
On January 12, 2018, ZAIS announced that it had signed a definitive merger agreement with Z Acquisition LLC. Under the terms of the agreement, ZAIS shareholders would only receive $4.10 in cash for each share of ZAIS common stock.
The investigation concerns whether the ZAIS board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for ZAIS shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal price represents adequate consideration, especially given that ZAIS last reported having $1.12 per share in cash and no long-term debt.
If you are a shareholder of ZAIS and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
View original content:http://www.prnewswire.com/news-releases/zais-alert-johnson-fistel-investigates-proposed-sale-of-zais-group-holdings-inc-is-410-a-fair-price-300582332.html
SOURCE Johnson Fistel, LLP
Copyright 2018 PR Newswire
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