The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Allied Healthcare International Inc.
August 01 2011 - 11:25AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Allied Healthcare International Inc. (“Allied” or the “Company”)
(NASDAQ: AHCI) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Saga Group Limited. Under the terms of the transaction, Allied
shareholders will receive $3.50 for each share of Allied stock they
own. The total purchase price for all outstanding Allied shares,
including options, is approximately $175 million.
Click here to learn how to join the action:
http://www.zlk.com/allied-healthcare-international-ahci, or call:
877-363-5972.
The investigation concerns whether the Allied Board of Directors
breached their fiduciary duties to v stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Saga Group is underpaying for Allied shares, thus
unlawfully harming Allied stockholders. In particular, the Company
reported a book value of $3.66 per share, for the most recent
quarter.
If you own common stock in Allied and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New
York, California and Washington D.C. The firm has extensive
expertise in prosecuting investor securities litigation involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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