We Give Shareholders a Voice
Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Red Hat, Inc. (NYSE: RHT) to IBM (NYSE: IBM). Under the terms of the transaction, Red Hat shareholders will receive $190 for each share of Red Hat stock they own.
The Red Hat merger investigation concerns whether the Board of Red Hat breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether IBM is underpaying for Red Hat shares, thus unlawfully harming Red Hat shareholders.
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