A lawsuit was filed for investors in shares of of Zayo Group Holdings, Inc. (NYSE: ZAYO) in connection with the proposed takeover and NYSE: ZAYO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/23/2019 -- The Shareholders Foundation announces that an investor, who currently holds shares of Zayo Group Holdings, Inc. (NYSE: ZAYO), filed a lawsuit against the takeover of Zayo Group Holdings, Inc.
Investors who purchased shares of Zayo Group Holdings, Inc. (NYSE: ZAYO) and currently hold any of those NYSE: ZAYO shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE: ZAYO stockholders by agreeing to sell Zayo Group Holdings, Inc. cheaply via an unfair process.
Boulder, CO based Zayo Group Holdings, Inc., through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. ON may 8, 2019, Zayo Group Holdings, Inc. announced that it has signed a merger agreement to be acquired by affiliates of Digital Colony Partners and the EQT Infrastructure IV fund. Under the terms of the agreement, shareholders will receive $35.00 in cash per share of Zayo's common stock in a transaction valued at $14.3 billion, including the assumption of $5.9 billion of Zayo's net debt obligations.
However, plaintiff claims that the proposed consideration NYSE: ZAYO shareholders will receive is grossly inadequate and undervalues Zayo Group Holdings, Inc. Indeed, at least one analyst has set the high target price for NYSE: ZAYO shares at $38 per share. Zayo Group Holdings, Inc. reported that its Total Revenue rose from over $2.19 billion for the 12 months period that ended on June 30, 2017 to over $2.6 billion for the 12 months period that ended on June 30, 2018. In addition, the plaintiff alleges that the process is also unfair NYSE: ZAYO stockholders
Those who are current investors in Zayo Group Holdings, Inc. (NYSE: ZAYO) shares have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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