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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Black Box Corporation (NASDAQGS: BBOX) to a subsidiary of AGC Networks Ltd., AGC Networks Pte. Ltd. in Singapore (“AGC Singapore”), for $1.08 per share.
The Black Box merger investigation concerns whether the Board of Black Box breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether AGC Singapore is underpaying for Black Box shares, thus unlawfully harming Black Box shareholders.
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