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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of OmniComm Systems, Inc. (“OmniComm” or the “Company”) (OTCMKTS: OMCM) to Anju Software, Inc. (“Anju”). Under the terms of the deal, shares of OmniComm common stock will be cancelled and automatically converted into the right to receive $0.41032 per share, without interest.
The OmniComm merger investigation concerns whether the Board of OmniComm breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Anju is underpaying for OmniComm shares, thus unlawfully harming OmniComm shareholders.
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