WILMINGTON, Del., July 2, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
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 firstname.lastname@example.org, 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.
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SOURCE Rigrodsky & Long, P.A.
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