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The Law Office of Joseph Klein Announces Investigation of Allied Healthcare International Inc.

2011-08-11 16:20 ET - News Release

NEW YORK -- (Business Wire)

The Law Office of Joseph Klein is 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 deal, Saga Group will pay Allied shareholders $3.50 per share for a total transaction price of approximately $175 million.

To receive more information, click here: http://www.jkleinlawfirm.com/allied-healthcare-ahci.html.

The Company reported a book value of $3.66 per share, for the most recent quarter. 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, thus unlawfully harming Allied stockholders.

If you own common stock in Allied and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit http://www.jkleinlawfirm.com/allied-healthcare-ahci.html.

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.


The Law Office of Joseph Klein
Joseph Klein, Esq., 718-947-0005
Fax: 718-799-1443
Toll Free: 877-STOK-180 (877-786-5180)

Source: The Law Office of Joseph Klein

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