The Law Office of Joseph Klein Announces Investigation of Allied Healthcare International Inc.
11 August 2011 - 10:20PM
Business Wire
The Law Office of Joseph Klein is 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 deal, Saga Group will pay Allied
shareholders $3.50 per share for a total transaction price of
approximately $175 million.
To receive more information, click here:
http://www.jkleinlawfirm.com/allied-healthcare-ahci.html.
The Company reported a book value of $3.66 per share, for the
most recent quarter. 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, thus unlawfully harming Allied
stockholders.
If you own common stock in Allied and wish to obtain additional
information, please contact Joseph Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/allied-healthcare-ahci.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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