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ZAGG MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF ZAGG INC IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – ZAGG
December 11, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of ZAGG Inc (NASDAQ: ZAGG) to a buyer group (the “Buyer Group”) led by Evercel, Inc. is fair to ZAGG shareholders. Upon consummation of the merger, ZAGG shareholders will receive $4.20 per share in cash and will be entitled to receive an additional contingent amount of up to $0.25 per share, to be paid if ZAGG’s Paycheck Protection Program Loan is forgiven and any audit related thereto is satisfactorily completed.
The investigation concerns whether ZAGG and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for ZAGG shareholders; (2) determine whether the Buyer Group is underpaying for ZAGG; and (3) disclose all material information necessary for ZAGG shareholders to adequately assess and value the merger consideration. On behalf of ZAGG shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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