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Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

August 11, 2008 at 11:21 AM

Zones buyout dissected by NYT’s deal prof

The New York Times “Deal Professor” feature turned its focus to the management buyout proposed at Renton-based Zones.

An excerpt:

At first glance, the price he is offering appears to be a big premium, as it is approximately 59 percent over Zones’ closing share price the day before the transaction was announced. But this price is well off Zones’ 52-week high back in October of $11.60, and the share price was trading above $7.50 only a week before the announcement.

It’s not the first management buyout attempt at Zones. Here’s a 2005 profile of Firoz Lalji, the company’s deal-pursuing chief executive.

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