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The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Allied Healthcare International Inc.

  //health-fitness.news-articles.net/content/2011/ .. tion-of-allied-healthcare-international-inc.html
  Published in Health and Fitness on Monday, August 1st 2011 at 10:15 GMT by Market Wire

NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Allied Healthcare International Inc. (aAllieda or the aCompanya) (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.