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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of XO Group, Inc. (NYSE: XOXO) to WeddingWire, Inc. Under the terms of the transaction, XO Group shareholders will receive $35 per share.
The XO Group merger investigation concerns whether the Board of XO Group breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether WeddingWire, Inc. is underpaying for XO Group shares, thus unlawfully harming XO Group shareholders.
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