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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Senomyx, Inc. (NASDAQGM: SNMX) to Firmenich Incorporated. Under the terms of the transaction, Senomyx shareholders will receive $1.50 in cash for each share of Senomyx stock they own.
The Senomyx merger investigation concerns whether the Board of Senomyx breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Firmenich Incorporated is underpaying for Senomyx shares, thus unlawfully harming Senomyx shareholders.
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