After Animal Health International, Inc. announced that its board of directors has agreed to a merger with Lextron, Inc. an investigation on behalf of investors of Animal Health International, Inc. (NASDAQ:AHII) concerning the potential unfairness of the takeover and possible breaches of fiduciary duty.

The investigation by a law firm concerns whether certain directors and officers at Animal Health International, Inc. (NASDAQ:AHII) or others breached or will breach their fiduciary duties in connection with proposed buyout.

On Monday, March 14, 2011 Animal Health International, Inc. (Nasdaq:AHII) 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 Intls 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.

Therefore the investigation monitors and concerns whether Animal Health Intl Board of Directors undertook an adequate and fair sales process to obtain the maximized consideration for all shareholders of Animal Health International, Inc. (NASDAQ:AHII) and breached their fiduciary duties to Animal Health Intl, Inc. (AHII) investors by failing to adequately shop the Company before entering into the transaction. The investigation concerns also whether Lextron, Inc would underpay for NASDAQ:AHII shares, thus unlawfully harming AHII investors. A potential class action lawsuit would seek to maximize the amount of money and information for NASDAQ:AHII stockholders would receive in a buyout, so the law firm.