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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Civitas Solutions, Inc. (“Civitas” or the “Company”) (NYSE: CIVI) to Centerbridge Partners, L.P. for $17.75 per share.
The Civitas merger investigation concerns whether the Board of Civitas breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Centerbridge Partners, L.P. is underpaying for Civitas shares, thus unlawfully harming Civitas shareholders.
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