WeissLaw LLP: Vivint Solar Inc. Acquisition Not In Best Interests of VSLR Shareholders

NEW YORK, July 20, 2015 /PRNewswire/ -- The proposed acquisition of Vivint Solar Inc. ("VSLR" or the "Company") by SunEdison, Inc. ("SunEdison") is being investigated by WeissLaw LLP for possible breaches of fiduciary duty and other violations of law by the Board of Directors of VSLR. On July 20, 2015, the Company announced that it had reached a definitive agreement for SunEdison to acquire VSLR for $2.2 billion, inclusive of debt. Under the terms of agreement, VSLR shareholders will receive $16.50 for each VSLR share owned, consisting of $9.89 in cash, $3.31 in SunEdison stock, and $3.30 in SunEdison convertible notes 

WeissLaw is investigating whether VSLR's Board acted to maximize shareholder value prior to entering into the agreement. Notably, prior to the announcement, at least one analyst set a price target of $23 per share, or $6.50 above the offer price. Additionally, the Company's shares traded for $15.15 as recently as May 26, 2015. The offer price represents a mere 8.9% premium over the May 26, 2015 trading price.

Given these facts, WeissLaw is investigating the Board's decision to sell VSLR and whether VSLR shareholders will obtain their fair and proportionate share of the Company's continued success and future growth prospects. If you own VSLR shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at [email protected].  

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected] or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.

SOURCE WeissLaw LLP

Related Links

http://www.weisslurie.com