Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Allion Healthcare, Inc.
28 Octobre 2009 - 5:00PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating whether Allion Healthcare, Inc.'s ("Allion" or the
"Company") (NASDAQ: ALLI) directors complied with their fiduciary
duties in approving the proposed buyout of Allion by H.I.G.
Capital, LLC.
Under the proposed agreement, Allion shareholders will receive
$6.60 for every share of Allion common stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law related to the Allion board`s
approval of the proposed merger. The investigation focuses on
whether the deal is fair to Allison shareholders. Upon further
review, the deal seems to be unfair to Allison shareholders given
that the stock traded above the proposed offer price of $6.60 as
recently as September 10, 2009 when the stock closed at $7.02 per
share.
If you own shares of Allison, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020
by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or
visit www.howardsmithlaw.com. You may also email my firm at
howardsmith@howardsmithlaw.com.
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