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Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Animal Health International, Inc. (NASDAQ:
News)(referred to as "AHII") by Lextron, Inc. (“Lextron”) with support from investment funds affiliated with Leonard Green & Partners, L.P., (“Leonard Green”) in a cash transaction valued at approximately $111 million, plus the repayment of AHII's outstanding indebtedness, for a total purchase price of approximately $251 million.
Under the terms of the definitive agreement, Lextron will acquire all of the outstanding common shares of AHII for $4.25 per share. Investment funds affiliated with Charlesbank Capital Partners, and Jim Robison, AHII's Chairman, President and CEO, who together own approximately 33% of AHII's outstanding common stock, have agreed to vote in favor of the transaction.