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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of LogMeIn, Inc. (“LogMeIn” or the “Company”) (NASDAQ: LOGM)to affiliates of Francisco Partners, a private equity firm, and Evergreen Coast Capital Corporation. Under the terms of the agreement, LogMeIn shareholders will receive $86.05 in cash for each share of LogMeIn’s common stock they hold.
The LogMeIn merger investigation concerns whether the Board of LogMeIn breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Francisco Partners and Evergreen Coast Capital Corporation are underpaying for LogMeIn shares, thus unlawfully harming LogMeIn shareholders.
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