Le Lézard
Classified in: Business
Subject: ATY

HEALTH NET, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

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 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.


Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530


SOURCE Rigrodsky & Long, P.A.

These press releases may also interest you

at 21:03
Cardinal Energy Ltd. ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the quarter and year ended December 31, 2017 as well as its 2017 year end reserves. 2017 Financial Highlights Achieved an all in...

at 20:56
Natcore Technology Inc.  intends to raise CDN$980,000 via a non-brokered private placement. The placement involves the sale of up to 7,000,000 units at a price of CDN$0.14 per unit. Each unit comprises one common share and one share purchase...

at 20:51
LXRandCo, Inc. ("LXRandCo" or the "Company") , an international omni-channel retailer of branded vintage luxury handbags and accessories, today reported its financial results for the fourth quarter and 12-month period ended December 31, 2017. "The...

at 20:45
Global HR executive search, consulting and outplacement firm Frederickson Partners (www.fredericksonpartners.com), formerly Frederickson Pribula Li, today announced record growth, expanded markets, and organizational changes. In 2017, the...

at 20:30
Zhaopin Limited ("Zhaopin" or the "Company"), a leading career platform in China focused on connecting users with relevant job opportunities throughout their career lifecycle, found in its 2018 spring survey that about 70% of white-collar workers in...

at 20:30
Tiberius Acquisition Corporation (the "Company") announced today that it closed its initial public offering of 15,000,000 units. The offering was priced at $10.00 per unit, resulting in gross proceeds of $150,000,000. The Company's units began...

News published on 2 july 2015 at 11:36 and distributed by: