ZAIS Group Holdings Inc. founder and Chairman Christian Zugel told the company he is willing to increase the offer to take the company private to $4.10 per class A share .
Zugel in early September proposed to acquire the company for $4.00 per class A share after the company said it was reviewing strategic alternatives, including an outright sale or potentially a going-private transaction.
The founder's revised offer comes after the special committee received a counterproposal with respect to a take private transaction at $4.30 per class A share. The special committee determined that Zugel's initial offer was inadequate.
No definitive agreement has been reached between the company and Zugel so far with respect to a take private transaction, ZAIS Group said in a regulatory filing.
