Brief: Walmart Announced They Have Entered Into An Agreement To Acquire Vizio For $2.3 Billion

Vizio Holding

20/02/2024 12:25

Feb 20 (Reuters) - Walmart Inc  WMT.N :
    * WALMART AGREES TO ACQUIRE VIZIO HOLDING CORP. TO
FACILITATE
ACCELERATED GROWTH OF WALMART CONNECT THROUGH VIZIO’S SMARTCAST
OPERATING SYSTEM
    * WALMART: WALMART AND VIZIO ANNOUNCED THEY HAVE ENTERED
INTO AN
AGREEMENT FOR WALMART TO ACQUIRE VIZIO FOR $11.50 PER SHARE IN
CASH
    * WALMART - PROPOSED DEAL FOR EQUITY VALUE OF APPROXIMATELY
$2.3
BILLION
    * WALMART - PROPOSED DEAL FOR $11.50 PER SHARE IN CASH
    * WALMART: VIZIO'S BOARD OF DIRECTORS HAS UNANIMOUSLY
APPROVED
TRANSACTION
    * WALMART: UPON COMPLETION OF TRANSACTION, VIZIO'S CLASS A
COMMON
STOCK WILL NO LONGER BE PUBLICLY LISTED
    * WALMART - WALMART EXPECTS TRANSACTION TO BE SLIGHTLY
DILUTIVE TO
EPS IN NEAR TERM
    * WALMART: WALMART PLANS TO USE CASH AND/OR DEBT.
TRANSACTION IS
NOT SUBJECT TO A FINANCING CONDITION
    * WALMART: UPON COMPLETION OF TRANSACTION, VIZIO'S CLASS A
COMMON
STOCK WILL NO LONGER BE PUBLICLY LISTED
    * WALMART: IRR FOR TRANSACTION IS EXPECTED TO BE AHEAD OF
WALMART'S REPORTED ROI
    * WALMART: FOLLOWING COMPLETION OF TRANSACTION, VIZIO'S
BUSINESS
WILL BE REPORTED AS PART OF WALMART U.S. SEGMENT

Source text for Eikon:  ID:nBw85Bvq2a 
Further company coverage:  WMT.N 

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