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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Invuity, Inc. (NASDAQGM: IVTY) to Stryker Corporation (NYSE: SYK). Under the terms of the transaction, Invuity shareholders will receive $7.40 in cash for each share of Invuity they own.
The Invuity merger investigation concerns whether the Board of Invuity breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Stryker Corporation is underpaying for Invuity shares, thus unlawfully harming Invuity shareholders.
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