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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of athenahealth, Inc. (NASDAQGS: ATHN) to an affiliate of Veritas Capital and Evergreen Coast Capital. Under the terms of the transaction, athenahealth shareholders will receive $135 per share; the transaction has a total approximate value of $5.7 billion in cash.
The athenahealth merger investigation concerns whether the Board of athenahealth breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether the affiliate of Veritas and Evergreen is underpaying for athenahealth shares, thus unlawfully harming athenahealth shareholders.
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