Zones CEO completes going-private deal

By Lisa Kerner

Charlotte, N.C., Dec. 31 - Zones, Inc. was taken private by majority shareholder, chief executive officer and chairman Firoz Lalji and related parties for $7.00 per share, it was announced on Dec. 31.

Lalji had originally offered $8.65 per share but later lowered the offer on doubts that the surviving corporation would remain within the lender's financial covenants for debt financing at the $8.65-per-share price, it was previously reported.

Zones is a single-source direct marketing reseller of name-brand information technology products. The company is located in Auburn, Wash.

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