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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Sucampo Pharmaceuticals, Inc. (“Sucampo” or the “Company”) (NASDAQ GM: SCMP) to Mallinckrodt plc (NYSE: MNK) for $18.00 in cash per share of Sucampo stock.
The investigation concerns whether the Board of Sucampo breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Mallinckrodt plc is underpaying for Sucampo shares, thus unlawfully harming Sucampo shareholders.
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