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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Echelon Corporation (NASDAQ: ELON) to Adesto Technologies (NASDAQ: IOTS) for $8.50 per share.
The Echelon merger investigation concerns whether the Board of Echelon breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Adesto Technologies is underpaying for Echelon shares, thus unlawfully harming Echelon shareholders.
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