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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Ellie Mae, Inc. (“Ellie Mae” or the “Company”)(NYSE: ELLI) to Thoma Bravo, LLC. Under the terms of the transaction, Ellie Mae shareholders will receive $99 per share.
The Ellie Mae merger investigation concerns whether the Board of Ellie Mae breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Thoma Bravo, LLC is underpaying for Ellie Mae shares, thus unlawfully harming Ellie Mae shareholders.
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