Zones Inc. said a shareholder vote today approved a going-private transaction in which CEO and majority owner Firoz Lalji and affiliates...

Share story

Zones Inc. said a shareholder vote today approved a going-private transaction in which CEO and majority owner Firoz Lalji and affiliates will buy out other stockholders at $7 per share.

The price was revised downward last month from the original $8.65 per share. Shares closed Friday at $6.62, well below the 52-week high of $11.35.

The Auburn-based company sells computer equipment via catalogs, direct sales and the Internet.