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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of 8point3 Energy Partners LP (“8point3” or the “Company”) (NASDAQGS: CAFD) to Capital Dynamics, Inc. Under the terms of the transaction, 8point3 Class A shareholders will receive $12.35 per share or unit in cash “plus a preset daily amount representing cash expected to be generated from December 1, 2017 through closing less any distributions received after the execution of the Merger Agreement prior to closing.”
The investigation concerns whether the Board of 8point3 breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Capital Dynamics, Inc. is underpaying for 8point3 shares, thus unlawfully harming 8point3 shareholders.
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