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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of CSS Industries, Inc. (“CSS” or the “Company”) (NYSE: CSS) to IG Design Group plc (“Design Group”). Under the terms of the merger, Design Group, through a subsidiary, will acquire CSS for $9.40 per share in an all cash transaction.
The CSS merger investigation concerns whether the Board of CSS breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Design Group is underpaying for CSS shares, thus unlawfully harming CSS shareholders.
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