NEW YORK--(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.
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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 firstname.lastname@example.org, 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.