The Law Offices of Vincent Wong Announce an Investigation of Allied Healthcare International Inc.
02 August 2011 - 6:03PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Allied Healthcare International Inc. (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 proposed deal, Saga Group will pay
Allied shareholders $3.50 per share for a total transaction price
of approximately $175 million. The Company reported a book value of
$3.66 per share, for the most recent quarter.
To get more information and join the action, click here:
http://www.wongesq.com/allied-healthcare.html.
The investigation concerns whether the Allied Board of Directors
breached their fiduciary duties to Allied stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Saga Group is underpaying for Allied
shares.
If you own common stock in Allied and wish to obtain additional
information, please contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/allied-healthcare.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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