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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Cision Ltd. (“Cision” or the “Company”) (NYSE: CISN) to an affiliate of Platinum Equity. Under the terms of the deal, an affiliate of Platinum Equity will acquire all of the outstanding ordinary shares of Cision Ltd. for $10.00 per share in cash.
The Cision merger investigation concerns whether the Board of Cision breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Platinum Equity is underpaying for Cision, thus unlawfully harming Cision shareholders.
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