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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Pattern Energy Group Inc. (“Pattern Energy” or the “Company”) (NASDAQ: PEGI) to Canada Pension Plan Investment Board (“CPPIB”). Under the terms of the deal, Pattern Energy shareholders will receive $26.75 in cash consideration for each share of Pattern Energy.
The Pattern Energy merger investigation concerns whether the Board of Pattern Energy breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether CPPIB is underpaying for Pattern Energy shares, thus unlawfully harming Pattern Energy shareholders.
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