NEW YORK, July 2, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Health Net Inc. ("Health Net" or the "Company") (NYSE:HNT) for potential breaches of fiduciary duties in connection with the sale of the Company to Centene Corp. for approximately $6.3 billion in a cash-and-stock deal.
The Company's stockholders will only receive 0.622 shares of Centene and $28.25 in cash for each Company share held, for a total consideration of $78.57 based on Wednesday's closing price. However, at least one analyst's target price is set at $75.00 and the share price of the Company is expected to continue climbing.
Click here for more information: www.faruqilaw.com/HNT. There is no cost or obligation to you.
The investigation focuses on whether Health Net's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Health Net's shareholders.
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If you own common stock in Health Net and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/HNT or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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