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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Pivotal Investment Corporation II (“Pivotal,” “PIC” or the “Company”) (NYSE: PIC) with XL Hybrids, Inc. (“XL Fleet”). The terms of the proposed transaction imply an enterprise value of $1 billion for XL Fleet.
The PIC merger investigation concerns whether the Board of PIC has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
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