Edwards Angell Reps Allied In $175M Sale To Saga

Law360, New York (July 29, 2011, 2:00 PM EDT) -- U.K.-based home health services company Allied Healthcare International Inc. announced Friday it had accepted a $175 million buyout offer from health care and insurance provider Saga Group Ltd.

Under the terms of the deal, Saga will pay $3.90 for each Allied share, representing a premium of 59 percent over Allied's closing price Thursday. Allied CEO Sandy Young called that price an “attractive valuation” for company shareholders.

"After a robust examination of the strategic alternatives available to the company, our board unanimously concluded that this transaction is...
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