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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of MAM Software Group, Inc. (“MAM Software” or the “Company”) (NASDAQ: MAMS) to Kerridge Commercial Systems. Under the terms of the deal, MAM Software stockholders will receive $12.12 per share in cash for each common share of MAMS they own.
The MAM Software merger investigation concerns whether the Board of MAM Software breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Kerridge Commercial Systems is underpaying for MAM Software shares, thus unlawfully harming MAM Software shareholders.
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