Shareholders Foundation, Inc.

NYSE:ZAYO Shareholder Alert: Investigation of Takeover of Zayo Group Holdings, Inc.

An investigation on behalf of investors of Zayo Group Holdings, Inc. (NYSE: ZAYO) in connection with the proposed takeover was announced and NYSE: ZAYO stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 05/31/2019 -- The takeover of Zayo Group Holdings, Inc. is under investigation on concerning whether the takeover of Zayo Group Holdings, Inc. is unfair to NYSE: ZAYO stockholders.

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 mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain directors of Zayo Group Holdings, Inc. breached their fiduciary duties owed to NYSE: ZAYO investors in connection with the proposed acquisition.

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, given that at least one analyst has set the high target price for NYSE: ZAYO shares at $38 per share, the investigation concerns whether the offer is unfair to NYSE: ZAYO stockholders. More specifically, the investigation concerns whether the Zayo Group Holdings, Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

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.

Shares of Zayo Group Holdings, Inc. (NYSE: ZAYO) closed on May 30, 2019, at $32.51 per share.

Those who are current investors in Zayo Group Holdings, Inc. (NYSE: ZAYO) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

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.