Shareholder rights law firm Robbins LLP informs investors it is investigating the acquisition of Avalara, Inc. (NYSE: AVLR) by Vista Equity Partners. Under the terms of the agreement, Avalara stockholders will receive $93.50 in cash for each share of Avalara common stock owned.
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Is the Proposed Acquisition Best for Avalara, Inc. (AVLR) and Its Shareholders?
According to the Proxy Statement, Avalara's board approved a merger agreement with Vista Equity Partners in which Avalara will become a private company. The deal is valued at approximately $8.4 billion and is expected to close in the second half of 2022. Robbins LLP is concerned that Avalara's board of directors engaged in an unfair process and agreed to an unfair amount to be paid to shareholders.
Next Steps: If you own shares of Avalara, Inc. (AVLR) you have legal options. Contact us to learn more about your legal rights.
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About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Avalara, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
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