VIZIO (VZIO) SHAREHOLDER ALERT - Andrews & Springer LLC Is Investigating VIZIO Holding Corp. For Potential Securities Fraud and Breaches of Fiduciary Duty

By: Andrews & Springer LLC via Business Wire

March 19, 2024 at 08:01 AM EDT

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.

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Among Andrews & Springer’s most recent successes include (i) securing a $51 billion derivative recovery through complete rescission of Elon Musk’s $55 billion pay package in Tornetta v. Musk, et al., C.A. 2018-0408-KSJM and (ii) securing a $1 billion cash settlement for stockholders in In re Dell Technologies In. Class V Stockholder Litigation, C.A. 2018-0816-JTL. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.