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Wolf Haldenstein Investigating Allion Healthcare, Inc. Proposed Acquisition


  • Press Release
  • Source: Wolf Haldenstein Adler Freeman & Herz LLP
  • On 12:59 pm EDT, Tuesday October 20, 2009

NEW YORK--(BUSINESS WIRE)--Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of Allion Healthcare, Inc. (“Allion” or the “Company”) [NASDAQ:ALLI] arising out of the proposed acquisition of Allion by H.I.G. Capital, LLC (“H.I.G.”).

Related Quotes

SymbolPriceChange
ALLI6.47-0.02
Chart for Allion Healthcare, Inc.
{"s" : "alli","k" : "c10,l10,p20,t10","o" : "","j" : ""}

On Sunday, October 18, 2009, Allion announced that it will be acquired by H.I.G. in an all cash offer. Under the terms of the agreement, Allion stockholders will receive cash of $6.60 in exchange for each share of Allion common stock. However, the Company may not have adequately shopped itself around before entering into this transaction and, pursuant to this proposed transaction, H.I.G. may be underpaying for Allion, thus unlawfully harming Allion shareholders.

Wolf Haldenstein has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in U.S. federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm.

If you own Allion common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Gustavo Bruckner or Derek Behnke

Wolf Haldenstein Adler Freeman & Herz LLP

270 Madison Avenue
New York, New York 10016

Phone Numbers: (800) 575-0735 (212) 545-4600

 

 

Email: bruckner@whafh.com

 

       Classmember@whafh.com

 

Website: http://www.whafh.com

 

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Gustavo Bruckner / Derek Behnke, 800-575-0735 or 212-545-4600
bruckner@whafh.com
Classmember@whafh.com

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