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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Hardinge Inc. (NASDAQ: HDNG) to Privet Fund Management LLC for $18.50 per share.
The investigation concerns whether the Board of Hardinge breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Privet Fund Management LLC is underpaying for Hardinge shares, thus unlawfully harming Hardinge shareholders.
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