|[July 30, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Trulia, Inc. In Connection With The Proposed Sale Of The Company To Zillow, Inc.
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Trulia, Inc. ("Trulia" or the "Company") (NYSE: TRLA)
relating to the proposed buyout of the Company by Zillow, Inc.
On July 28, 2014, Zillow announced that it has entered into a definitive
agreement to acquire Trulia in a merger valued at approximately $3.5
billion. Under the terms of the transaction, Trulia shareholders are
anticipated to receive 0.444 of a Zillow share for each share of Trulia
stock they own.
The firm's investigation seeks to determine, among other things, whether
the ompany's Board of Directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into the
transaction, and whether Zillow is underpaying for Trulia shares. In
particular, Trulia Board members who collectively hold 7.4% of Trulia's
stock have already agreed to tender their shares, and current CEO Pete
Flint will remain the company's CEO and will maintain a seat on the
If you currently own common stock of Trulia and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at firstname.lastname@example.org
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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