Previous close | 10.55 |
Open | 10.63 |
Bid | 10.63 x 4000 |
Ask | 10.69 x 800 |
Day's range | 10.55 - 10.67 |
52-week range | 4.82 - 11.28 |
Volume | |
Avg. volume | 3,449,567 |
Market cap | 2.092B |
Beta (5Y monthly) | 2.12 |
PE ratio (TTM) | 75.36 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
U.S. lawmakers have sought for an increased scrutiny from the FTC on many multi-billion dollar deals that might risk higher prices and affect consumers. Walmart had proposed to buy Vizio for $11.50 per share in cash in February, in another bet on the retailer's fast-growing U.S. advertising business, Walmart Connect, and gaining access to Vizio's SmartCast operating system, which streams ad-supported content on its devices.
The U.S. Federal Trade Commission has asked for more information from Vizio and Walmart regarding their proposed $2.3 billion deal, the smart-TV maker said on Tuesday. Walmart had proposed to buy Vizio for $11.50 per share in cash in February, in another bet on the retailer's fast-growing U.S. advertising business, Walmart Connect, and gaining access to Vizio's SmartCast operating system, which streams ad-supported content on its devices. The big-box retailer had said in March it had notified two U.S. antitrust agencies it would withdraw and refile a certain review application for its planned acquisition of Vizio, to give the regulators more time to review the deal.
Walmart has notified two U.S. antitrust agencies it will withdraw and refile a certain review application for its planned acquisition of Vizio , to give the regulators more time to review the deal. Following informal discussions with the Federal Trade Commission and the Department of Justice, Walmart's Hart-Scott-Rodino notification and report form was withdrawn effective as of March 27 and it expects to refile on March 29, Vizio said on Wednesday. The law sets a 30-day waiting period for parties to close transactions, giving the agency time to consider and block proposed mergers before they are consummated.