HEALTH NET, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
July 06 2015 - 5:44PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Health Net,
Inc. (NYSE: HNT)?
- Did you purchase any of your shares
prior to July 2, 2015?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Health
Net, Inc. (“Health Net” or the “Company”) (NYSE: HNT) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company’s entry into an agreement to be acquired by
Centene Corporation (“Centene”) (NYSE: CNC), in a transaction
valued at approximately $6.8 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/health-net-inc-hnt.
Under the terms of the agreement, shareholders of Health Net
will receive $28.25 in cash and 0.622 shares of Centene for each
share of Health Net they own. Based on Centene’s closing price on
July 1, 2015, Health Net shareholders would have received
compensation valued at approximately $78.57 per share.
The investigation concerns whether Health Net’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Health Net’s shareholders before entering into
an agreement with Centene.
If you own the common stock of Health Net and purchased your
shares before July 2, 2015, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/health-net-inc-hnt.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20150706005847/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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