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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of a 45% interest in Rubicon Technology, Inc. (“Rubicon” or the “Company”) (NASDAQ: RBCN) to Janel Corporation (Other OTC: JANL) (“Janel”). Under the terms of the merger, Janel will commence a cash tender offer to purchase up to 45% of the outstanding shares of Rubicon’s common stock on a fully-diluted basis at a price of $20.00 per share.
The Rubicon merger investigation concerns whether the Board of Rubicon 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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