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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of MINDBODY, Inc. (“MINDBODY” or the “Company”)(NASDAQGM: MB) to Vista Equity Partners. Under the terms of the transaction, MINDBODY shareholders will receive $36.50 per share.
The MINDBODY merger investigation concerns whether the Board of MINDBODY breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Vista Equity Partners is underpaying for MINDBODY shares, thus unlawfully harming MINDBODY shareholders.
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