NEW YORK, Feb. 15, 2022 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Zurn Water Solutions Corporation ("Zurn Water Solutions" or the "Company") (NYSE: ZWS), in connection with the proposed merger of the Company with Elkay Manufacturing Company ("Elkay"). Under the terms of the merger agreement, Elkay shareholders will receive up to 52.5M shares of Zurn Water Solutions, which will result in Elkay shareholders owning approximately 29% of the combined company and current Zurn Water Solutions shareholders owning 71% of the combined company.
If you own Zurn Water Solutions shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/zws
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
[email protected]
WeissLaw LLP is investigating whether (i) Zurn Water Solutions' board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, and (ii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected].
SOURCE WeissLaw LLP
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