SHAREHOLDER ALERT:  Brodsky & Smith, LLC Announces an Investigation of Alliance HealthCare Services, Inc. -AIQ

 

BALA CYNWYD, May 1, 2017 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Alliance HealthCare Services, Inc. (“Alliance” or “the Company”) (Nasdaq- AIQ-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Tahoe Investment Group Co., Ltd. (“Tahoe”).

Under the terms of the transaction, Alliance shareholders will receive only $13.25 in cash for each share of Alliance stock they own. The investigation concerns whether the Board of  Alliance breached their fiduciary duties to shareholders and whether Tahoe is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many Alliance shareholders. For example, on March 29, 2016, Tahoe, through its investment company, completed the purchase of a majority interest in Alliance and currently owns 51% of the outstanding common stock of Alliance. As a result, the investigation seeks to determine if the process that led to the agreed upon price was adequate given that shares of Alliance stock traded at $23.91 per share on February 1, 2015.

If you own shares of Alliance stock and wish to discuss the legal ramifications of  the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA  19004, or calling toll  free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.