The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Animal Health International, Inc. (“Animal Health International” or “AHII”) (NASDAQ: AHII) related to the proposed buyout of Animal Health International by Lextron, Inc. The definitive merger agreement involves an all-cash transaction valued at approximately $111 million. Under the proposed buyout, Animal Health International shareholders will receive only $4.25 in cash for each share of AHII common stock they hold.
The investigation relates to the fairness of the proposed transaction to Animal Health International shareholders. The firms seek to determine through their investigation whether Animal Health International’s Board of Directors obtained the best value for shareholders, adequately considered all viable alternatives, and properly shopped the company before entering into the acquisition agreement with Lextron.
In particular, at least one analyst has set a target price for Animal Health International/AHII stock as high as $5.00 per share. Further, although the acquisition price represents an approximately 11% premium over Animal Health International’s closing price the day before the merger announcement, the company’s stock closed at over $4.00 per share as recently as late February 2011. Based on these and other factors, the firms do not believe that the acquisition price is fair to Animal Health International/AHII shareholders.
If you currently own shares of Animal Health International/AHII and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.