SAN DIEGO, April 15, 2024 (GLOBE NEWSWIRE) -- SAN DIEGO, CA, - Johnson Fistel, LLP, a leading stockholder rights law firm, announced today that it has initiated an investigation into the board members of Snap One Holdings Corp. (NASDAQ:SNPO) ("Snap One") concerning potential breaches of fiduciary duties related to the proposed sale of the Company to Resideo Technologies (NYSE:REZI).
On April 15, 2024, Snap One Holdings Corp. publicized a definitive acquisition agreement with Resideo Technologies Inc., wherein Snap One's shareholders will receive a consideration of $10.75 per share, payable in cash, upon the successful completion of the transaction.
Considering this, the law firm Johnson Fistel, LLP, has initiated an extensive investigation into the transaction. The primary objective of this inquiry is to confirm that Snap One's board of directors ...