BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Zep, Inc. ("Zep” or "the Company") (NYSE: ZEP) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to New Mountain Capital (“New Mountain”).
Click here to learn more about the investigation http://brodsky-smith.com/916-zep-zep-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Zep shareholders will receive only $20.05 in cash for each share of Zep stock they own. The investigation concerns whether the Board of Zep breached their fiduciary duties to shareholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether New Mountain is underpaying for Zep. The transaction may both undervalue Zep and would result no real gain for many long term holders of Zep stock. For example, Zep previously has traded above the deal price, closed today above the deal price, and an analyst has set a $21.00 per share price target for Zep stock.
If you own shares of Zep and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/916-zep-zep-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.