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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Mazor Robotics, Inc. (NASDAQ: MZOR) to Medtronic plc (NYSE: MDT). Under the terms of the transaction, Mazor Robotics shareholders will receive $58.50 per American Depositary Share, or $29.25 per ordinary share.
The Mazor Robotics merger investigation concerns whether the Board of Mazor Robotics breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Medtronic plc is underpaying for Mazor Robotics shares, thus unlawfully harming Mazor Robotics shareholders.
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