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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Electronics for Imaging, Inc. (NASDAQGS: EFII) to an affiliate of Siris Capital Group, LLC. Under the terms of the transaction, Electronics for Imaging shareholders will receive $37 per share.
The Electronics for Imaging merger investigation concerns whether the Board of Electronics for Imaging breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Siris Capital Group, LLC is underpaying for Electronics for Imaging shares, thus unlawfully harming Electronics for Imaging shareholders.
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