Law 360 M&A

OCTOBER 24, 2022

A stockholder of Pzena Investment Management Inc. sued the global investment management firm in Delaware's Court of Chancery on Monday for corporate records to investigate "potential mismanagement" and breaches of fiduciary duty in connection with a pending buyout by the company's founder and controlling shareholder.

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Auto Dealer Valuation Insights

AUGUST 5, 2022

Last week Pzena Investment Management, Inc. ticker: PZN) announced that it had entered into an agreement to become a private company again via a transaction in which holders of PZN Class A common stock would receive $9.60 per share in cash, a 49% premium to its closing price before the announcement ($6.44).

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Law 360 M&A

OCTOBER 27, 2022

A former executive of global investment firm Pzena Investment Management Inc. who sued the company in Delaware Chancery Court to stop it from going private without first converting his Class B units has withdrawn his demand for a court order to stop the pending $795 million transaction.

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Law 360 M&A

MAY 2, 2023

Pzena Investment Management Inc.

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Benzinga

OCTOBER 18, 2022

18, 2022 (GLOBE NEWSWIRE) -- Pzena Investment Management, Inc. NYSE: PZN ) ("PZN") today announced that leading independent proxy advisory firm Glass, Lewis & Co ("Glass Lewis") has recommended that stockholders vote "FOR" the adoption of the merger agreement pursuant to which Pzena will become a private company.

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