Faruqi & Faruqi, LLP Announces Investigation of Allied Healthcare International Inc.
30 Juillet 2011 - 1:00AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Allied Healthcare International Inc. (“Allied
Healthcare” or the “Company”) (NASDAQ: AHCI) for potential breaches
of fiduciary duties in connection with their conduct related to the
sale of the Company to Saga Group Ltd. in an all-cash deal for
about $175 million. Under the terms of the proposed transaction,
which were unanimously approved by the Company’s Board of
Directors, Allied Healthcare stakeholders will receive $3.90 in
cash for each share of Allied Healthcare common stock. The
transaction is expected to close in the fourth calendar quarter of
2011.
Request more information now by clicking here:
www.faruqilaw.com/AHCI
Whether Allied Healthcare’s Board of Directors breached their
fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues Allied Healthcare’s shares and by how much this
proposed transaction undervalues the Company to the detriment of
Allied Healthcare’s shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Allied Healthcare and wish to obtain
additional information, please visit us at www.faruqilaw.com/AHCI
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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