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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Investment Technology Group, Inc. (NYSE: ITG) to Virtu Financial, Inc. (NASDAQGS: VIRT). Under the terms of the transaction, ITG shareholders will receive $30.30 per share.
The ITG merger investigation concerns whether the Board of ITG breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Virtu Financial is underpaying for ITG shares, thus unlawfully harming ITG shareholders.
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