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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of First Data Corporation (NYSE: FDC) to Fiserv (NASDAQGS: FISV). Under the terms of the transaction, First Data shareholders will receive 0.303 shares of Fiserv for each share of First Data stock they own.
The First Data merger investigation concerns whether the Board of First Data breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Fiserv is underpaying for First Data shares, thus unlawfully harming First Data shareholders.
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