HIG Capital To Acquire Allion For $278M

Law360, New York (October 19, 2009, 4:20 PM EDT) -- Global equity firm H.I.G. Capital will acquire Allion Healthcare in a deal expected to be worth $278 million, including the assumption or repayment of $79 million of debt.

H.I.G. will purchase Allion from its stockholders at $6.60 per share. The deal is expected to close in the first quarter of 2010.

The acquisition is subject to customary closing conditions, including antitrust and regulatory reviews, as well as approval by a majority of Allion's shareholders.

“Our agreement with H.I.G. provides a compelling all-cash premium to our shareholders,”...
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