Shareholder Alert: Ademi LLP investigates whether Snap One Holdings Corp. has obtained a Fair Price in its transaction with Resideo
MILWAUKEE, April 15, 2024 /PRNewswire/ -- Ademi LLP is investigating Snap One (Nasdaq: SNPO) for possible breaches of fiduciary duty and other violations of law in its transaction with Resideo.
In the transaction, Snap One stockholders will receive only $10.75 per share in cash, for a transaction value of approximately $1.4 billion, inclusive of net debt. The transaction agreement unreasonably limits competing transactions for Snap One by imposing a significant penalty if Snap One accepts a competing bid. Snap One insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Snap One's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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.
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