Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Snap One Holdings Corp. (NASDQ : SNPO) (“Snap One” or “the Company”). Investors who purchased Snap One securities are encouraged to obtain additional information and assist the investigation.
Investigation Details:
Under the terms of the agreement, Snap One will be acquired by Resideo Technologies, Inc. (“Resideo”) (NYSE – REZI). Resideo will acquire Snap One for $10.75 per share in cash, for a transaction value of approximately $1.4 billion, inclusive of net debt. Upon closing, Snap One will integrate into Resideo’s ADI Global Distribution business. The investigation concerns whether the Snap One Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Resideo is paying fair value to shareholders of the Company.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Snap One, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”