M&A
confidence high
sentiment neutral
materiality 0.75
Via Renewables closes $11.00/share cash merger with Maxwell; shares to be delisted
Via Renewables, Inc.
- Merger effective June 13, 2024; public Class A stockholders receive $11.00 per share cash.
- Class A common stock delisted from Nasdaq at market close June 13; Series A Preferred (VIASP) continues trading.
- William Keith Maxwell III and affiliates now own all outstanding common stock; company becomes privately held.
- Merger approved by shareholders on June 7, 2024; dissenting shareholders have appraisal rights under DGCL §262.