BALA CYNWYD, PA / ACCESSWIRE / July 7, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Vivint Solar, Inc. (NYSE:VSLR) ("Vivint" or the "Company") for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to merge with Sunrun, Inc. (NASDAQGS:RUN). Under the terms of the agreement, Vivint shareholders will receive just .55 Sunrun, Inc. shares, representing an implied value of $11.73 as of July 6, 2020, for each Vivint share they own.
The investigation concerns whether the Vivint Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Sunrun, Inc. is underpaying for the Company. For example, the analyst average for Vivint is $12.17, and at least one analyst has set a target of $15.00 per share.
If you own shares of Vivint stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, visit http://www.brodskysmith.com/cases/vivint-solar-inc-nyse-vslr/, or call toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC