NEW YORK, July 31, 2008 (PRIME NEWSWIRE) -- Levi & Korsinsky announces an investigation on the proposed acquisition of Zones, Inc. ("Zones" or the "Company") (Nasdaq:ZONS).
On July 31, 2008, Zones announced that it has entered into a definitive merger agreement with Zones Acquisitions Corp., a company owned by Firoz Lalji, CEO and Chairman of Zones. Mr. Lalji owns 54.1% of the Company's outstanding common stock and seeks to buy the rest of the Company for about $52 million to take it private. Under the terms of the proposal, Zones' shareholders would receive $8.65 per share in cash. The proposed acquisition is subject to customary conditions and regulatory approval. If you own common stock in Zones and wish to obtain additional information regarding your rights as a shareholder please contact us at the number listed below or visit www.zlk.com/zons.html
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
About Zones, Inc.
Zones, Inc. is a single-source direct marketing reseller of name-brand information technology (IT) products to the small-to-medium-sized business market (SMB), enterprise accounts and public sector accounts.