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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Presidio, Inc. (“Presidio” or the “Company”) (NASDAQGS: PSDO) to funds advised by BC Partners (“BC Partners”). Under the terms of the deal, Presidio stockholders will receive $16.00 in cash for each share of Presidio common stock they own.
The Presidio merger investigation concerns whether the Board of Presidio breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether BC Partners is underpaying for Presidio shares, thus unlawfully harming Presidio shareholders.
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