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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Gaming Partners International Corporation (“GPIC” or the “Company”) (NASDAQ: GPIC) to Angel Holdings Godo Kaisha for $13.75 per share. Certain shareholders holding an approximate 51% of GPIC’s outstanding shares have already agreed to tender their shares.
The GPIC merger investigation concerns whether the Board of GPIC breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Angel Holdings Godo Kaisha is underpaying for GPIC shares, thus unlawfully harming GPIC shareholders.
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