Large Firm Sophistication – Small Firm Values

Andre Springer

Pzena Investment Management, Inc.

PZENA (PZN) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Pzena Investment Management, Inc.    

(Wilmington, DE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Pzena Investment Management, Inc. (NYSE: PZN) (“Pzena” or the “Company”) relating to the sale of the Company to co-founder Richard Pzena and other insiders of Pzena Investment Management, LLC, Pzena’s operating company. Company co-founders Richard Pzena, John Goetz and William Lipsey collectively hold approximately 94.1% combined voting control over Pzena. The parties have announced that they reached an agreement in principle pursuant to which Pzena will be taken private and merge with and into a newly formed subsidiary of Pzena Investment Management, LLC. As a result of the merger, Pzena shareholders are only anticipated to receive $9.60 per share in cash in exchange for each share of Pzena.

Andrews & Springer’s investigation so far has revealed that the consideration Pzena shareholders are expected to receive is inadequate. One analyst at PriceTarget Research set a $18.00 per share price target as recently as July 8, 2022.  Our investigation has also revealed that the process leading up to the announcement of the merger appears to have significant conflicts of interest thus making the process and consideration unfair.

If you own shares of Pzena and want to receive additional information and protect your investments free of charge, please visit us at or contact Craig J. Springer, Esq. at, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn –, Twitter – or Facebook - for future updates.