Continue reading "Z Acquisition LLC to acquire Zais Group in take-private deal"
Z Acquisition LLC, Christian Zugel‘s blank check company, has agreed to acquire Zais Group Holdings in a take-private deal for $4.10 per share. Upon closing of the deal, Zais will no longer trade on the NASDAQ. Based in Red Bank, New Jersey, Zais is an investment adviser and asset management firm focused on specialized credit strategies. PRESS RELEASE RED BANK, N.J., Jan. 12, 2018 /PRNewswire/ — ZAIS Group Holdings, Inc. (NASDAQ: ZAIS) (“ZAIS” or the “Company”) today announced that it has signed a definitive merger agreement with Z Acquisition LLC, a Delaware limited liability company (“Z Acquisition”), and ZGH Merger Sub, Inc., a wholly-owned subsidiary of ZAIS. Christian Zugel, the founder of ZAIS Group, LLC, the Company’s operating subsidiary, and the Company’s Chairman and Chief Investment Officer, is the sole managing member of Z Acquisition. Pursuant to the merger agreement, all of the outstanding