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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Sprint Corporation (NYSE: S) to T-Mobile US (NASDAQ: TMUS). Under the terms of the transaction, Sprint shareholders will receive 0.10256 T-Mobile US shares for each Sprint share.
The investigation concerns whether the Board of Sprint breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether T-Mobile US is underpaying for Sprint shares, thus unlawfully harming Sprint shareholders.
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