- Pzena press release ( NYSE: PZN ): Q2 GAAP EPS of $0.15.
- Revenue of $48.7M (-4.3% Y/Y).
- Pzena Investment Management ( PZN ) also announced that it has entered into an agreement to become a private company through a transaction in which holders of PZN Class A common stock will receive $9.60 per share in cash.
- Under the terms of the definitive agreement, PZN will merge with and into a newly formed subsidiary of its operating company, Pzena Investment Management, LLC, in an all-cash transaction that implies an enterprise value for PZN of approximately $795 million.
For further details see:
Pzena GAAP EPS of $0.15, revenue of $48.7M; goes private at $795M valuation