We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Apria, Inc. (“Apria” or the “Company”) (NASDAQ: APR), in connection with the proposed acquisition of the Company by Owens & Minor, Inc. (“Owens & Minor”) (NYSE: OMI). Under the terms of the acquisition agreement, the Company’s shareholders will receive $37.50 per share in cash for each share of Apria common stock that they hold. The transaction is valued at approximately $1.6 billion.
WeissLaw LLP is investigating whether (i) Apria’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $37.50 per-share merger consideration adequately compensates Apria’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.