Investor Group Seeks Remaining Zones Shares

Share this article:
Zones Inc. said yesterday that it received a proposal from an investor group led by its president/CEO, Firoz Lalji, to acquire all common shares not owned by the investor group for a cash price of $1 per share.


The investor group controls most of the company's outstanding common stock. The board of directors intends to appoint a special committee of directors unaffiliated with the investor group to review the proposal with the assistance of financial and legal advisers.


The company is a single-source direct marketing reseller of information technology products to the small- to medium-size business market, enterprise and public sector accounts, while supporting their legacy Mac customers through an inbound call center promoted by the Mac Zone catalog and a Web site. Zones, Renton, WA, sells these products through outbound and inbound account executives, specialty print and e-catalogs as well as the Internet.


Share this article:
close

Next Article in News

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

NBA Names Insurance Exec as its CMO

NBA Names Insurance Exec as its CMO

Nationwide and State Farm veteran Pamela El takes the league's marketing helm next month.

Bloomberg Names Bigley CMO

Bloomberg Names Bigley CMO

Communications chief Deirdre Bigley is appointed head of global marketing for the business and financial news company.

2014 Essential Guide to Omnichannel Marketing

2014 Essential Guide to Omnichannel Marketing

The 2014 Essential Guide to Omnichannel Marketing‚ÄĒeverything you need to know about Omnichannel, all in one spot. Read on for insight.