NEW YORK, April 9, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty
and other violations of law by the Board of Directors of WellCare
Health Plans, Inc. ("WCG" or the "Company") (NYSE: WCG) in
connection with the proposed acquisition of the Company by Centene
Corporation ("Centene") (NYSE: CNC). Under the terms of the
acquisition agreement, WCG shareholders will receive 3.38 shares of
Centene and $120 in cash in exchange
for each WCG share they own, representing consideration of
$296.16 based on Centene's closing
price on the day of the acquisition announcement.
If you own WCG shares and wish to discuss this
investigation or have any questions concerning this notice or your
rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our
website
http://www.weisslawllp.com/wellcare-health-plans-inc/
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WeissLaw is investigating whether WCG's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $350, or approximately $54.00 above the per share consideration.
Additionally, the acquisition will diversify Centene's product
portfolio and drive growth.
Given these facts, WeissLaw is concentrating its investigation
on whether WCG's Board conducted a fair process in agreeing to the
proposed acquisition, whether the proposed acquisition undervalues
the Company, and whether all material information related to the
proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP