VIZIO: Vizio Stockholders Open Challenge To $2.3B Walmart Merger
A Vizio Inc. stockholder launched a class challenge Monday to the smart-TV company's $11.50 per share, $2.3 billion, sale to Walmart Inc., accusing insiders - including Vizio CEO and controller William Wang - of wiring up a deal unfair to common stockholders.
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VIZIO is a California-based consumer electronics company that designs and manufactures products such as soundbars, remotes and televisions for the commercial market.
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