On October 28, 2022, Pzena Investment Management, Inc. announced that, at the special meeting of stockholders held on October 27, 2022, its stockholders approved the previously announced take-private transaction with Pzena Investment Management, LLC. The Company stated that under the terms of the transaction, holders of the Company Class A common stock will receive $9.60 per share in cash following the closing of the transaction and the transaction is expected to close on October 31, 2022, subject to the satisfaction of all remaining closing conditions. In addition, the Company stated that upon completion of the transaction, the Company will become a private company, and its shares of Class A common stock will no longer trade on the New York Stock Exchange.