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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Sonic Corp. (NASDAQ: SONC) to Inspire Brands, Inc. Under the terms of the transaction, Sonic shareholders will receive $43.50 for each share of Sonic stock they own.
The Sonic merger investigation concerns whether the Board of Sonic breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Inspire Brands is underpaying for Sonic shares, thus unlawfully harming Sonic shareholders.
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