Suit Challenges Outlook-Vista Deal

Upon review of the complaint, Outlook Group and its board of directors believe the suit is without merit and the company plans to defend itself vigorously in court.

According to Outlook Group, the plaintiff alleges that by approving its proposed acquisition by Vista Group, Outlook Group and its directors violated a fiduciary duty allegedly owed to shareholders under Wisconsin law because the intrinsic value of Outlook Group is, the suit says, materially in excess of the amount of the merger consideration. The plaintiff(s) seek undefined injunctive relief, monetary damages and attorney fees.