Publicly held Allion Healthcare, Melville. N.Y., would be taken private in a $278 million merger deal with private-equity firm H.I.G. Capital that, if approved, would pay stockholders $6.60 per share in cash.
Allion Healthcare to be acquired in $278 million deal
A news release from the provider of specialty pharmacy and disease-management services for HIV/AIDS patients said the buyout would pay shareholders a premium of 30% over Allion's average share price for the five trading days prior to the execution of the deal.
The deal is still subject to approval by shareholders and regulators, and is expected to close in the first quarter of 2010. About 41% of shareholders have already entered into agreements with H.I.G. to vote in favor of the deal.
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