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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of KEMET Corporation (“KEMET” or the “Company”) (NYSE: KEM) to Yageo Corporation (“Yageo”). Under the terms of the transaction, Yageo will acquire all of the outstanding shares of KEMET’s common stock for $27.20 per share.
The KEMET merger investigation concerns whether the Board of KEMET breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Yageo is underpaying for KEMET shares, thus unlawfully harming KEMET shareholders.
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