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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Allion Healthcare (MM) | NASDAQ:ALLI | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.59 | 0 | 00:00:00 |
Levi & Korsinsky is investigating the Board of Directors of Allion Healthcare, Inc. (“Allion” or the “Company”) (NasdaqGM: ALLI) for possible breaches of fiduciary duty and other violations of state law in connection with the announced going-private transaction. Under the terms of the transaction, H.I.G. Capital, LLC will pay Allion shareholders $6.60 in cash for each share of Allion common stock they own for a total transaction value of approximately $278 million, including the assumption or repayment of approximately $79 million of debt.
The investigation concerns whether the Allion Board of Directors breached their fiduciary duties to Allion shareholders given that (i) the Company's shares traded at $7.74 as recently as July 31, 2009; (ii) the Company has a book value of $6.62 a share; and (iii) the median price target for Allion stock set by analysts is $9.00 per share with at least one analyst setting a $10.00 per share price target.
If you own common stock in Allion and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/alli1.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
1 Year Allion Healthcare (MM) Chart |
1 Month Allion Healthcare (MM) Chart |
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