Kaskela Law LLC MERGER INVESTIGATION: Does $11.50 Per Share Represent Sufficient Cash Out Value for VIZIO Holding Corp. (NYSE: VZIO) Shares for Investors?
VIZIO Holding Corp. Class A (VZIO)
Company Research
Source: Business Wire
PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating the recently proposed buyout of VIZIO Holding Corp. (NYSE: VZIO) (“VIZIO”) stockholders on behalf of the company’s investors.On February 20, 2024, VIZIO announced that it had agreed to be acquired by Walmart at a price of $11.50 per share in cash. Following the closing of the proposed transaction, VIZIO’s current stockholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded.The investigation seeks to determine whether VIZIO shareholders are receiving sufficient consideration for their shares, and whether VIZIO’s officers and/or directors breached their fiduciary duties or violated the securities laws in agreeing to sell the company to Walmart at $11.50 per share. Notably, at least one analyst firm was maintaining a price target of $16.00 per share at the time the proposed transaction was announced.VIZIO shareholders are encouraged to contact K
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VZIO
News
- VIZIO Unveils Full Suite of New Dolby Atmos Soundbars [Yahoo! Finance]Yahoo! Finance
- VIZIO Unveils Full Suite of New Dolby Atmos SoundbarsBusiness Wire
- VIZIO Holding Corp. (NYSE: VZIO) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- VIZIO Announces Release Date for First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- VIZIO Announces Release Date for First Quarter 2024 ResultsBusiness Wire
VZIO
Earnings
- 2/27/24 - Beat
VZIO
Sec Filings
- 4/30/24 - Form 8-K
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- VZIO's page on the SEC website