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Levi & Korsinsky is investigating the Board of Directors of Sequenom Inc. (NASDAQ: SQNM) in connection with the sale of the Company to Laboratory Corporation of America Holdings (NYSE: LH). Under the terms of the transaction, Sequenom shareholders will receive $2.40 per share in cash for each share of Sequenom they own.
The investigation concerns whether the Board of Sequenom breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Laboratory Corporation of America Holdings is underpaying for Sequenom shares.
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