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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Telenav, Inc. (“Telenav” or the “Company”) (NASDAQ: TNAV) to V99, Inc., a Delaware corporation led by HP Jin, Co-Founder, President, and Chief Executive Officer of Telenav. Under the terms of the merger agreement, Telenav stockholders will receive $4.80 per share in cash.
The Telenav merger investigation concerns whether the Board of Telenav 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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