Zoox Investors Seek Stock Appraisal In $1.3B Amazon Deal

Law360 (December 7, 2020, 9:36 PM EST) -- Two investors of Zoox, a designer of autonomous ride-hailing vehicles that can be called with a smartphone app, filed a lawsuit Monday asking the Delaware Chancery Court to determine the fair value of their shares in connection with the California-based startup's $1.3 billion sale to Amazon.

Stockholders James Wei and Yanxin Zhang said they have followed proper procedure under Delaware law to have the court appraise the fair value of the 1,000 shares of Zoox stock that each holds.

"Petitioners have not accepted any consideration from Zoox in connection with the merger for any of the appraisal shares and petitioners have...

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