VIZIO Holding Corp.
VIZIO (VZIO) SHAREHOLDER ALERT - Andrews & Springer LLC Is Investigating VIZIO Holding Corp. For Potential Securities Fraud and Breaches of Fiduciary Duty
(Wilmington, DE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential securities fraud and breach of fiduciary duty claims against the Board of Directors of VIZIO Holding Corp. (NYSE: VZIO) (“Vizio” or the “Company”) relating to the sale of the Company to Walmart. On February 20, 2024, the two parties announced that they reached an agreement in principle pursuant to which Walmart will acquire VIZIO in a going private merger. As a result of the merger, VIZIO shareholders are only anticipated to receive only $11.50 per share in cash in exchange for each share of VIZIO.
Our Firm's investigation so far has discovered that the merger appears to have significant conflicts of interest, thus making the process and consideration unfair. While the Company claims that shareholders will receive a premium for their shares, the deal consideration is less than the $12.00 per share price target set by Piper Sandler on December 4, 2023, months before Walmart’s interest in VIZIO was publicly reported.
If you currently own shares of VIZIO and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/vizio-merger-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.