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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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State: 17.08.2024 | 11PM
Fri, 29.11.2024       Zuora
US98983V1061

PHILADELPHIA, Nov. 29, 2024 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating potential violations of the securities laws concerning the recently announced proposed buyout of Zuora, Inc. (NYSE: ZUO) ("Zuora") stockholders.

Additional information: https://kaskelalaw.com/case/zuora/

Under the terms of the proposed buyout, Zuora stockholders are only expected to receive $10.00 per share in cash in exchange for their ZUO shares in connection with the sale of the company to Silver Lake.  Notably, at the time the proposed buyout at $10.00 per share was announced, numerous stock analysts were maintaining price targets for ZUO shares in excess of $12.00 per share.  Following the closing of the proposed transaction, Zuora's stockholders will be cashed out of their investment position and the company's shares will no longer be publicly traded. 

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