Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Shareholders of Allion Healthcare, Inc.
October 21 2009 - 4:44PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Allion Healthcare, Inc. (“Allion” or the “Company”) (Nasdaq:ALLI)
relating to the proposed acquisition by H.I.G. Capital, Inc.,
(“H.I.G.”).
Under the proposed agreement, Allion shareholders will receive
$6.60 for every share of Allion common stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law related to the Allion board’s
approval of the proposed merger. The transaction appears to be
unfair, in part, given that Allion stock was trading at $7.02 a
share as recently as September 10, 2009 and $7.40 a share on July
31, 2009.
If you own shares of Allion and wish to discuss the legal
ramifications of the proposed acquisition by H.I.G., or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
clients@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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