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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Regal Entertainment Group (NYSE: RGC) to Cineworld Group PLC (LON: CINE) for $23 in cash for each Class A and Class B share.
The investigation concerns whether the Board of Regal breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Cineworld is underpaying for Regal shares, thus unlawfully harming Regal shareholders.
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