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.
Click here to learn how to join the https://www.ademilaw.com/case/snap-one-holdings-corp or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
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.
If you own Snap One common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/snap-one-holdings-corp.
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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