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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Sierra Monitor Corporation (OTCMKTS: SRMC) to MSA Safety Incorporated. Under the terms of the transaction, SMC shareholders will receive $3.25 for each share of SMC stock they own.
The SMC merger investigation concerns whether the Board of SMC breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether MSA Safety Incorporated is underpaying for SMC shares, thus unlawfully harming SMC shareholders.
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