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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Majesco (the “Company”) (NASDAQ: MJCO) to Thoma Bravo, L.P. (“Thoma Bravo”). Under the terms of the merger, all Majesco shareholders of record will receive $13.10 in cash for each share of Majesco common stock upon closing of the transaction.
The Majesco merger investigation concerns whether the Board of Majesco breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Thoma Bravo is underpaying for Majesco shares, thus unlawfully harming Majesco shareholders.
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