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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Pzena Investment Management, Inc. (“Pzena” or the “Company”) (NYSE: PZN) with and into a newly formed subsidiary of its operating company, Pzena Investment Management, LLC (“PIM”). Under the terms of the merger, holders of Penza Class A common stock will receive just $9.60 per share in cash.
The Pzena merger investigation concerns whether the Board of Pzena has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
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