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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Intersections Inc. (NASDAQGM: INTX) to WC SACD One Parent, Inc. Under the terms of the transaction, Intersections shareholders will receive $3.68 for each share of Intersections stock they own.
The Intersections merger investigation concerns whether the Board of Intersections breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether WC SACD One Parent, Inc. is underpaying for Intersections shares, thus unlawfully harming Intersections shareholders.
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