Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Monday, July 20, 2015
Faruqi & Faruqi Investigation: Vivint Solar, Inc.
Faruqi & Faruqi, LLP Announces the Investigation of Vivint Solar, Inc. (VSLR) Over the Proposed Sale of the Company to SunEdison and TerraForm
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Vivint Solar, Inc. (“Vivint” or the “Company”) (NYSE:VSLR) for potential breaches of fiduciary duties in connection with the sale of the Company to SunEdison and TerraForm for approximately $2.2 billion in a cash and stock deal.
The Company’s stockholders will only receive $16.50 for each share of Company common stock they own. However, the median share price target for the Company’s shares is $20.00 per share, well above the current offer, and at least one analyst sets it at $23.00 per share. Furthermore, the share price is expected to continue climbing.
If you own common stock in Vivint and wish to obtain additional information and protect your investments free of charge, please fill out this form or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.