SHAREHOLDER ALERT: Weiss Law Investigates Avalara, Inc.

Key Facts

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 proposed acquisition of the Company by Vista Equity Partners.
Weiss Law 305 Broadway, 7th Floor New York, NY 10007 (212) 682-3025 (888) 593-4771 stockinfo@weisslawllp.com Weiss Law is investigating whether (i) Avalara's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $93.50 per-share merger consideration adequately compensates Avalara's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
Notably, the merger consideration is below the $110 median price target set by analysts, and at least one analyst set a price target for the Company of $165 per share, $71.50 above the per-share merger consideration.
If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com SOURCE Weiss Law