Key Developments For Allion Healthcare, Inc.
Allion Healthcare, Inc. (ALLI.O) (Consolidated Issue listed on NASDAQ Global Market)
Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Allion Healthcare, Inc.
Law Offices of Howard G. Smith announces that it is investigating whether Allion Healthcare, Inc.'s Directors complied with their fiduciary duties in approving the proposed buyout of Allion by H.I.G. Capital, LLC. 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 investigation focuses on whether the deal is fair to Allison shareholders. Upon further review, the deal seems to be unfair to Allison shareholders given that the stock traded above the proposed offer price of $6.60 as recently as September 10, 2009 when the stock closed at $7.02 per share.
Law Office Of Brodsky & Smith, LLC Announces Investigation On Behalf Of Shareholders Of Allion Healthcare, Inc.
Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of Allion Healthcare, Inc. relating to the proposed acquisition by H.I.G. Capital, Inc., (HIG). Under the proposed agreement, Allion Healthcare, Inc. 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.
Allion Healthcare, Inc. Agrees To Be Acquired By H.I.G. Capital For $6.60 Per Share
Allion Healthcare, Inc. announced that it has entered into a definitive merger agreement for the Company to be acquired and taken private by an affiliate of H.I.G. Capital, LLC, a private investment firm, in a transaction valued at approximately $278 million, including the assumption or repayment of approximately $79 million of indebtedness. The agreement was unanimously approved by Allion`s Board of Directors, including a Special Committee of independent Directors. Under the terms of the agreement, Allion stockholders would receive $6.60 per share in cash. The transaction is expected to close in the first quarter of 2010.
Allion Healthcare, Inc. Reiterates FY 2009 Guidance
Allion Healthcare, Inc. maintained its net sales and adjusted earnings per diluted share (EPS) guidance for fiscal 2009. The Company expects net sales of $400 - $415 million with adjusted EPS of $0.50 - $0.52. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $0.51 on revenue of $409 million for fiscal 2009.
Allion Healthcare, Inc. Announces New Partnership With Being Alive San Diego
Allion Healthcare, Inc. announced that it has entered into a partnership with Being Alive San Diego to launch a Community Learning Center in San Diego, California. The build-out of the new center begins this week with an anticipated opening date of October 1, 2009.The Being Alive Community Learning Center will share space with Allion`s Priority/MOMS Pharmacy in the heart of the Hillcrest area of San Diego.
