Welcome to our dedicated page for AVLR news (Ticker: AVLR), a resource for investors and traders seeking the latest updates and insights on AVLR stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AVLR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AVLR's position in the market.
Avalara (NYSE: AVLR) shareholders have approved the merger with Vista Equity Partners at a Special Meeting, with 84% of votes supporting the deal, representing 66% of total shares. Vista will acquire Avalara for $93.50 per share in cash, and the deal is expected to close on October 19, 2022. Post-closure, Avalara will no longer be listed on the NYSE and will operate as a private entity while retaining its brand. Final vote results will be reported via Form 8-K to the SEC.
Altair US, LLC, a major pre-IPO investor in Avalara (NYSE: AVLR), opposes the proposed sale of Avalara to Vista Equity Partners. Altair asserts that the transaction is poorly timed and undervalues the company, urging shareholders to vote against it at the special meeting scheduled for October 14, 2022. Supporting this stance, independent proxy advisory firm Glass, Lewis & Co. highlighted inadequate valuation and potential conflicts of interest in the sale process. Altair believes Avalara's growth prospects warrant a stronger negotiation for shareholder value.
Altair US, LLC, a significant shareholder of Avalara (AVLR), has publicly opposed the company's proposed sale to Vista Equity Partners. Altair claims the sale is poorly timed, flawed, and inadequately priced, suggesting that Avalara's board is adopting an overly pessimistic view of its future. The firm contends that Avalara has sufficient cash and prospects to support its growth without selling. Concerns are raised about potential conflicts of interest related to financial advisors involved in the sale. Altair plans to vote against the sale at the upcoming shareholder meeting on October 14, 2022.
Avalara, Inc. (NYSE: AVLR) is urging shareholders to vote 'FOR' its all-cash transaction with Vista Equity Partners, announced on
Avalara, Inc. (NYSE: AVLR) has announced 18 new certified integrations with various software applications, enhancing its tax compliance automation capabilities for businesses. This partnership-centric approach further streamlines the integration of Avalara's automated tax management into existing systems for customers. The newly certified integrations cover sectors like accounting, ERP, ecommerce, and CRM, allowing users to efficiently manage tax calculations for millions of products across multiple jurisdictions including the U.S. and Europe.
Altair US, LLC, a significant shareholder of Avalara (NYSE: AVLR), announced its intention to reject the company's proposed sale to Vista Equity Partners. Scheduled for a vote on October 14, 2022, Altair criticized the decision, citing poor timing due to macroeconomic challenges, a flawed sale process involving limited buyer engagement, and an inadequate offer price that undervalues Avalara's potential. Altair believes Avalara is positioned for profitability and urges shareholders to consider their proxy materials carefully.
Merrion Investment Management has voiced its opposition to the acquisition of Avalara (NYSE: AVLR) by Vista Equity Partners, which was announced on August 8, 2022, at a price of $93.50 per share. The firm argues that Avalara has demonstrated exceptional growth since 2019, with strong metrics in client retention and acquisition costs, indicating it is capable of remaining independent. MIMCo believes the Board's decision to auction the company during a volatile market is poorly timed and lacking a control premium.
Altair US, LLC, a significant shareholder in Avalara (NYSE: AVLR), has publicly opposed the company's proposed sale to Vista Equity Partners, criticizing the timing and value of the deal. Altair argues that the $93.50 per share offer undervalues Avalara's potential, especially given its strong growth and impending profitability. The firm claims that the sale process was rushed and flawed, with conflicts of interest affecting the Board's decisions. Altair urges fellow shareholders to reject the deal, emphasizing Avalara's future growth prospects despite current economic challenges.
Avalara, Inc. (NYSE: AVLR) has partnered with Xero to introduce a new automated sales tax solution for accountants and small businesses. This integration simplifies sales tax workflows within the Xero platform, allowing users to manage calculations, reporting, and filing more efficiently. Small businesses can save substantial time and costs, as research indicates they spend an average of $17,672 monthly on sales tax compliance. The partnership aims to leverage Avalara's extensive tax content and Xero's capabilities to enhance the user experience.
FAQ
What is the market cap of AVLR (AVLR)?
