Pzena Investment Management (PZN) Reports Q2 EPS of $0.15
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Pzena Investment Management (PZN) to Become Private Company, Publicly Traded Shares to Receive $9.60 per Share in Cash
July 26, 2022 4:53 PM EDTPzena Investment Management, Inc. (NYSE: PZN) (PZN) today announced that it has entered into an agreement to become a private company through a transaction in which holders of PZN Class A common stock will receive $9.60 per share in cash. Under the terms of the definitive agreement, PZN will merge with and into a newly formed subsidiary of its operating company, Pzena Investment Management, LLC (PIM), in an all-cash transaction that implies an enterprise value for PZN of approximately $795 million. The $9.60 per share price represents a premium of 49% to PZNs closing stock price on July 26, 2022, and a... More
