Brodsky & Smith announces a
BALA CYNWYD, Pa., Jan. 11, 2022 (GLOBE NEWSWIRE) – Law firm Brodsky & Smith announces that it is investigating potential claims against the board of directors of Zynga (“Zynga” or the “Company”) ( Nasdaq – ZNGA) for possible breaches of fiduciary duty and other violations of federal and state laws in connection with the Company’s agreement to be acquired by Take-Two Interactive (“Take-Two”) (Nasdaq – TTWO) in a stock and cash transaction with a total company value of approximately $ 12.7 billion. Under and subject to the terms of the agreement, Zynga shareholders will receive $ 3.50 in cash and $ 6.361 in Take-Two common shares for each outstanding Zynga common share on closing of the transaction.
The investigation is focused on whether Zynga’s board of directors breached its fiduciary duties to shareholders by failing to conduct a fair process, including if Take-Two is paying too little for the company. For example, the trade consideration is less than the 52-week high of $ 12.32 for company stock.
If you own shares of Zynga and would like to discuss the legal ramifications of the investigation, or have any questions, you can email or call the Brodsky & Smith law firm which, without obligation or fee for you, will attempt to answer your questions. You can contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/zynga- nasdaq-znga /, or call the toll-free number 855-576-4847.
Brodsky & Smith is a litigation law firm with broad expertise and representing shareholders across the country in securities lawsuits and class actions. Brodsky & Smith attorneys have been appointed by numerous courts across the country to serve as lead counsel in class actions and have been successful in raising millions of dollars for our clients and shareholders. Lawyer advertising. Previous results do not guarantee a similar result.