MILWAUKEE, July 7, 2020 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating Vivint (NYSR: VSLR) for
possible breaches of fiduciary duty and other violations of the law
in connection with the sale to Sunrun.
Click here to learn how to join the action:
http://ademilaw.com/case/vivint-solar or call Guri Ademi toll-free at 866-264-3995.
There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Vivint's financial outlook is
improving and yet shareholders will receive only 0.55 shares of
Sunrun common stock, representing approximately $11.74 based on the closing price of Sunrun's
shares on July 6, 2020. Vivint
stockholders are expected to own approximately 36% and Sunrun
stockholders are expected to own approximately 64% of the fully
diluted shares of the combined company. The merger agreement
unreasonably limits competing bids for Vivint by prohibiting
solicitation of further bids, and imposing a termination penalty if
Vivint accepts a superior bid. Vivint insiders will
receive millions of dollars as part of change of control
arrangements. We are investigating the conduct of Vivint's board of
directors, and whether they are (i) fulfilling their fiduciary
duties to all shareholders, and (ii) obtaining a fair and
reasonable price for Vivint.
If you own common stock in Vivint and wish to obtain
additional information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/vivint-solar.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP
