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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Cambrex Corporation (“Cambrex” or the “Company”) (NYSE: CBM) to an affiliate of the Permira funds (“Permira”). Under the terms of the deal, Cambrex shareholders will receive $60.00 in cash for each share of Cambrex common stock.
The Cambrex merger investigation concerns whether the Board of Cambrex breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Permira is underpaying for Cambrex shares, thus unlawfully harming Cambrex shareholders.
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