WMT - Why VIZIO Holding Shares Are Rocketing Premarket Tuesday | Benzinga
VIZIO Holding Corp (NYSE:VZIO) shares are rocketing premarket Tuesday after the company inked an agreement to be acquired by Walmart Inc (NYSE:WMT).
Walmart is acquiring VIZIO for $11.50 per share in cash, equating to a fully diluted equity value of about $2.3 billion.
VIZIO’s Board has unanimously approved the transaction of Directors, and VIZIO has the right to terminate the transaction within 45 days if, subject to the terms and conditions of the merger agreement, VIZIO receives and accepts a “Superior Offer.”