Cases
Vitamin Shoppe, Inc.
Merger
Overview
Overview
- Date:
- 8/8/2019
- Case Caption:
- KBC Asset Management NV v. Vitamin Shoppe, Inc., et al.
- Stock Symbol:
- VSI
- Company Name - Buyer:
- Liberty Tax, Inc.
- Status:
- Pending
- Merger Announcement Date:
- 8/8/2019
- Court:
- Court of Chancery of the State of Delaware
Pursuant to the proposed transaction, announced on August 8, 2019 and valued at $208 million, current Vitamin Shoppe shareholders will receive $6.50 in cash for each share of Vitamin Shoppe common stock owned. The investigation focuses on whether Vitamin Shoppe and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.