Animal Health International, Inc. directors sued by Investor in effort to block Merger

March 28, 2011 - PRLog -- An investor in Animal Health International, Inc.  filed a lawsuit against members of the board of directors of Animal Health Intl, Inc. in effort to stop the merger under the current conditions.

If you purchased Animal Health International, Inc.  and currently continue to hold those NASDAQ-AHII shares, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges that the defendants breached their fiduciary duties arising out of the attempt to merge Animal Health International, Inc. at an unfair price via an unfair process.

On Monday, March 14, 2011 Animal Health International, Inc.  and privately held Lextron, Inc. announced that they have entered into a merger agreement under which Lextron will acquire all of the outstanding common AHII shares for $4.25 per share, or approximately $111 million, plus the repayment of AHII's outstanding indebtedness, for a total purchase price of approximately $251 million.
Animal Health International said the offer represents an approximately 11% premium to the closing price of AHII's shares on March 11, 2011, and a premium of approximately 17% over AHII's average closing price during the 30 trading days ended March 11, 2011, and a premium of approximately 41% over AHII's average closing price during the 90 trading days ended March 11, 2011.

Indeed, in response to the takeover news shares of Animal Health International, Inc. jumped from $3.89 per share to $4.22 on Monday.

However, Animal Health Intl’s 12 months Total Revenue went from $629.53 reported on June 30, 2007 to $668.92million reported on June 30, 2010. In addition analysts have set a price target as high as $5.00 per share for Animal Health International stock.


Those who purchased Animal Health International, Inc. (Public, NASDAQ-AHII) and currently continue to hold those NASDAQ AHII shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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