We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Vivint Smart Home, Inc. (“Vivint” or the “Company”) (NYSE: VVNT), in connection with the proposed acquisition of the Company by NRG Energy, Inc. (NYSE: NRG). Under the terms of the merger agreement, the Company’s shareholders will receive $12.00 in cash for each share of Vivint common stock owned. The transaction is valued at approximately $2.8 billion.
Weiss Law is investigating whether (i) Vivint’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $12.00 per share merger consideration adequately compensates Vivint’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.