Vizio gains on report about Walmart integration plans

Vizio (NYSE:VZIO) rose 1.8% on Friday after a report about integration plans for Walmart’s (WMT) $2.3 billion purchase of the TV maker.

Earlier this week, Vizio (VZIO) employees received letters that outlined their new job titles and roles under Walmart’s (WMT) leadership, according to a CTFN report earlier Friday, which cited a source familiar with the matter. There appeared to no planned layoffs as part of the takeover.

The latest update comes after CTFN reported last Tuesday that Walmart (WMT) and Vizio (VZIO) were targeting the deal to close around Thanksgiving or early December.

Walmart (WMT) agreed in February to acquire TV maker Vizio (VZIO) for $11.50 per share in cash. In late April, Vizio and Walmart disclosed that they received a request for more information about the retailer’s planned acquisition from the Federal Trade Commission.

Investors may get an update on the Vizio (VZIO) deal when Walmart (WMT) reports Q3 results on Tuesday.