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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of The Navigators Group, Inc. (NASDAQGS: NAVG) to The Hartford. Under the terms of the transaction, Navigators shareholders will receive $70 in cash for each share of Navigators stock they own.
The Navigators merger investigation concerns whether the Board of Navigators breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether The Hartford is underpaying for Navigators shares, thus unlawfully harming Navigators shareholders.
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