Allied Healthcare International Inc. Announces Completion of Acquisition by Saga Group Limited
October 20 2011 - 2:17PM
Marketwired
Allied Healthcare International Inc. (NASDAQ: AHCI), a leading
homecare provider of health and social care in the United Kingdom
and Ireland, announced today the completion of its acquisition by
Saga Group Limited pursuant to a merger agreement that was adopted
by Allied's shareholders at a special meeting held on October 19,
2011. Under the terms of the merger agreement, Allied's
shareholders will be entitled to receive $3.90 in cash, without
interest, for each share of Allied common stock held by them.
With the closing of the merger, Allied's common stock will cease
to trade on the Nasdaq Global Select Market as of the close of
market today.
Allied shareholders of record will soon receive a letter of
transmittal with instructions describing how to receive their
proceeds. Banks, brokerage firms or other nominees will provide
those shareholders who hold their shares in "street name" with
their proceeds from the transaction. For more information,
stockholders who hold their shares in "street name" should contact
their bank, broker or other holder of record, and stockholders of
record may contact BNY Mellon Shareholder Services at (800)
777-3674 (toll free) from within the U.S., Canada and Puerto Rico
and (201) 680-8579 (collect) from outside the U.S. Stockholders of
record should wait to receive the letter of transmittal before
surrendering their shares.
About Allied Healthcare International
Inc.
Allied Healthcare International Inc. is a leading homecare
provider of health and social care in the United Kingdom and
Ireland. Allied operates a community-based network of approximately
120 branches with the capacity to provide carers (known as home
health aides in the US), nurses, and specialized medical personnel
to locations covering approximately 90% of the UK population.
About Saga Group Limited
Saga Group Limited is the UK's leading provider of products and
services specifically designed for people aged 50 and over. With
2.7 million customers, Saga provides insurance, savings, financial
advice, care services and holidays, and publishes Saga
Magazine.
Cautionary Language Regarding Forward-Looking
Statements
Statements other than historical facts constitute
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
All forward-looking statements speak only as of the date hereof and
are based on current expectations and involve a number of
assumptions, risks, and uncertainties that could cause the actual
results to differ materially from such forward-looking
statements.
CONTACT Allied Allied Healthcare International
Inc. Sandy Young Chief Executive Officer Paul Weston Chief
Financial Officer +44 (0) 1785 810 600 Or ICR, LLC Sherry Bertner
Managing Director +1 646 277 1247 sherry.bernter@icrinc.com
Saga Saga Group Limited Paul Green Head of Communication,
Saga Group Limited +44 (0) 1303 776 023
paul.green.pr@saga.co.uk
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