Health & Fitness
Health and Fitness
Health and Fitness
Wed, August 17, 2011Tue, August 16, 2011Mon, August 15, 2011Fri, August 12, 2011Thu, August 11, 2011Wed, August 10, 2011Tue, August 9, 2011Mon, August 8, 2011Sun, August 7, 2011Sat, August 6, 2011Fri, August 5, 2011Thu, August 4, 2011Wed, August 3, 2011Tue, August 2, 2011Mon, August 1, 2011Sun, July 31, 2011Fri, July 29, 2011Thu, July 28, 2011Wed, July 27, 2011Tue, July 26, 2011Mon, July 25, 2011Sat, July 23, 2011Fri, July 22, 2011Thu, July 21, 2011Wed, July 20, 2011Tue, July 19, 2011Mon, July 18, 2011Faruqi & Faruqi, LLP Announces Investigation of Allied Healthcare International Inc.
Published in Health and Fitness on Friday, July 29th 2011 at 16:10 GMT by Market Wire
NEW YORK--([ 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. (aAllied Healthcarea or the aCompanya) (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 Companya™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 Healthcarea™s Board of Directors breached their fiduciary duties to the Companya™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 Healthcarea™s shares and by how much this proposed transaction undervalues the Company to the detriment of Allied Healthcarea™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 firma™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.
