ALLIANCE HEALTHCARE SERVICES, INC. (NYSE:GE) Files An 8-K Other Events
Item8.01: Other Events.
On December12, 2016, Alliance HealthCare Services, Inc. (the
Company) issued a press release announcing its receipt of a
letter (the Expression of Interest) describing a non-binding
proposal from Tahoe Investment Group Co., Ltd. (Tahoe), formerly
known as Fujian Thai Hot Investment Co., Ltd, to acquire all of
the outstanding shares of common stock of the Company that are
not currently owned by THAIHOT Investment Company Limited
(THAIHOT), an indirect wholly owned subsidiary of Tahoe, at a
cash purchase price of $9.60 per share. The Board of Directors of
the Company has authorized a Special Committee, comprised solely
of directors not affiliated with Tahoe, to evaluate the proposal.
The Special Committee has engaged independent legal counsel and
intends to engage an independent financial advisor to assist in
its evaluation of such proposal. In addition, the Special
Committee has agreed to waive a provision in the Governance,
Voting and Standstill Agreement, dated as of March29, 2016, by
and among the Company, Tahoe and THAIHOT that prohibits THAIHOT
and its affiliates from proposing to acquire additional shares of
the Companys common stock. The waiver is for the limited purpose
of submitting the Expression of Interest to the Special
Committee. The Expression of Interest and the press release
announcing the Companys receipt thereof are attached hereto as
Exhibit 99.1 and 99.2, respectively.
Item9.01: Financial Statements and Exhibits.
(d) |
Exhibits |
The following exhibits are filed with this Form 8-K:
| 99.1 |
Letter, dated December8, 2016, from Tahoe Investment Group Co., Ltd. to the Board of Directors of Alliance HealthCare Services, Inc. |
|
| 99.2 | Press release, dated December 12, 2016. |
About ALLIANCE HEALTHCARE SERVICES, INC. (NYSE:GE)
General Electric Company (GE) is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power segment offers products and services related to energy production and water reuse; Renewable Energy segment offers renewable power sources; Oil & Gas offers drilling, completion, production and oil field operation; Energy Management offers technologies to electrical power; Aviation designs and produces commercial and military aircraft engines, integrated digital components and mechanical aircraft systems; Healthcare provides essential healthcare technologies; Transportation is a supplier to the railroad, mining, marine, stationary power and drilling industries; Appliances & Lighting offers appliances and a subset of lighting products, and Capital offers continuing financial services businesses and products. ALLIANCE HEALTHCARE SERVICES, INC. (NYSE:GE) Recent Trading Information
ALLIANCE HEALTHCARE SERVICES, INC. (NYSE:GE) closed its last trading session up +0.07 at 31.86 with 31,040,716 shares trading hands.