NEW YORK, Aug. 8, 2022 /PRNewswire/ — Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Avalara, Inc. (“Avalara” or the “Company”) (NYSE: AVLR ), in connection with the planned acquisition of the company by Vista Equity Partners. Under the terms of the merger agreement, company shareholders will receive $93.50 in cash for each Avalara common share they own. The transaction is valued at approximately $8.4 billion.
If you own avalara shares and would like to discuss this investigation or have any questions about this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
305 Broadway, 7th floor
New York, NY 100007
Weiss Law is investigating whether (i) Avalara’s board of directors acted in the best interests of the company’s shareholders in approving the proposed transaction, (ii) the merger consideration of $93.50 per share adequately compensates Avalara shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Specifically, the consideration for the merger is below analysts’ median price target of $110, and at least one analyst has placed a price target for the company at $165 per share, $71.50 above the consideration for the merger per share.
Weiss Law has served hundreds of shareholder class actions and derivative actions for breach of corporate and fiduciary duty. We’ve recovered over a billion dollars for defrauded customers and received important corporate governance relief in many of those cases. If you have any information regarding possible corporate wrongdoing (including insider trading, waste of company assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or would like legal advice, or antitrust violations please send us an e- mail to [email protected]
SOURCE Weiss Law