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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Zayo Group Holdings, Inc. (NYSE: ZAYO) to affiliates of Digital Colony Partners and the EQT Infrastructure IV fund. Under the terms of the transaction, Zayo shareholders will receive $35.00 in cash per share.
The Zayo merger investigation concerns whether the Board of Zayo breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Digital Colony Partners and EQT are underpaying for Zayo shares, thus unlawfully harming Zayo shareholders.
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