Allied Healthcare International up Over 56% on Acquisition by Saga Group

Allied Healthcare International

is up over 56% on the acquisition by Saga Group. The company entered into a definitive agreement to be acquired by Saga Group Limited for $3.90 per share, which represents a premium of 59% to Allied's closing price on July 28, 2011 of $2.45. Allied Healthcare International is currently trading at $3.83, a gain of $1.38 or 56.32%.