Allied Healthcare International Inc. Shareholders Approve Acquisition by Saga Group Limited
19 Oktober 2011 - 6:55PM
Marketwired
Allied Healthcare International Inc. (NASDAQ: AHCI), a leading
homecare provider of health and social care in the United Kingdom
and Ireland, announced today that its shareholders had voted to
adopt the merger agreement with Saga Group Limited at a special
meeting of shareholders held today.
Of the 43,571,251 shares of Allied common stock entitled to vote
at the meeting, approximately 76.25% were present in person or by
proxy at the special meeting and voted in favor of the merger
agreement. The shareholders also approved, on an advisory basis,
the payment of certain merger-related consideration to Allied's
named executive officers, as described in the proxy statement
relating to the special meeting.
The merger is expected to close on October 20, 2011. Following
the closing of the merger, Allied's shareholders will be entitled
to receive $3.90 in cash, without interest, for each share of
Allied common stock held by them.
About Allied Healthcare International
Inc.
Allied Healthcare International Inc. is a leading homecare
provider of health and social care in the United Kingdom and
Ireland. Allied operates a community-based network of approximately
120 branches with the capacity to provide carers (known as home
health aides in the US), nurses, and specialized medical personnel
to locations covering approximately 90% of the UK population.
http://www.alliedhealthcare.com.
Cautionary Language Regarding Forward-Looking
Statements
Statements about the expected timing, completion and effects of
the proposed transaction and all other statements in this release,
other than historical facts, constitute forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Readers are cautioned not
to place undue reliance on these forward-looking statements and any
such forward-looking statements are qualified in their entirety by
reference to the following cautionary statements. All
forward-looking statements speak only as of the date hereof and are
based on current expectations and involve a number of assumptions,
risks, and uncertainties that could cause the actual results to
differ materially from such forward-looking statements. Allied and
Saga may not be able to complete the proposed transaction because
of a number of factors, including the failure to satisfy the
closing conditions. These factors, and other factors that may
affect the business or financial results of Allied, are described
in Allied's filings with the SEC, including Items 1, 1A and 7 of
Allied's annual report on Form 10-K for the fiscal year ended
September 30, 2010.
CONTACT Allied Healthcare International Inc. Sandy Young
Chief Executive Officer Paul Weston Chief Financial Officer +44 (0)
1785 810 600 Or ICR, LLC Sherry Bertner Managing Director +1 646
277 1247 sherry.bernter@icrinc.com
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