Le Lézard
Classified in: Business
Subject: ATY

HEALTH NET SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Health Net Inc. (HNT) Over the Proposed Sale of the Company to Centene Corp.



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.

Faruqi & Faruqi, LLP

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.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation.  The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation.  The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

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 jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Contact:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone:    (212) 983-9330

Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP.  The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).  Prior results do not guarantee or predict a similar outcome with respect to any future matter.  We are happy to discuss your particular case.

Logo - http://photos.prnewswire.com/prnh/20120119/MM38856LOGO

 

SOURCE Faruqi & Faruqi, LLP


These press releases may also interest you

at 02:22
Kindred Group plc will publish its Interim report for the second quarter 2018 on Wednesday 25 July 2018 at 07.30 (CEST). In connection with this, Kindred Group's CEO Henrik Tjärnström will host a presentation in English at FinancialHearings,...

at 02:21
Truth Media Ltd ("Truth") a subsidiary of The Marketing Group plc, ("TMG" or the "Company"), which trades as RYVL, announces the launch of an Initial Coin Offering ("ICO") for Truth Data Cloud, its blockchain-based data marketplace which will let...

at 02:04
Boeing [NYSE: BA] and DHL today announced that the leading international express carrier has placed an order and commitment for 14 Boeing 777 Freighters, and purchase rights for 7 additional freighters. The $4.7 billion order agreement, at current...

at 02:00
Worldpay, Inc. , a leading payments technology company, and Mastercard , announced today their intention to enter a global strategic partnership focused on expanding acceptance options and making digital...

at 02:00
FARO® , the world's most trusted source for 3D measurement and imaging solutions for factory metrology, construction BIM, product design, public safety forensics, and 3D machine vision applications announces the acquisition of Opto-Tech s.r.l. and...

at 02:00
Bezant -- a blockchain-as-a-service platform for enterprises to build dynamic services and applications on top of its blockchain network -- today announces that it will be a key sponsor at the Beyond Blocks Summit in Seoul, South Korea. The first...




News published on 2 july 2015 at 10:27 and distributed by: