HEALTH NET SHAREHOLDER ALERT: Johnson & Weaver, LLP Launches an Investigation into the Proposed Sale of Health Net, Inc. and Encourages Investors to Contact the Firm for Additional Information

SAN DIEGO--()--Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Health Net, Inc. (NYSE: HNT) breached their fiduciary duties in connection with the proposed sale of the Company to Centene Corporation.

Additional Information:
Health Net provides managed health care services through health plans and government-sponsored managed care plans in the United States.

On July 2, 2015, Health Net announced it had signed a definitive merger agreement with Centene Corporation. Under the terms of the agreement, Health Net shareholders would receive 0.622 shares of Centene common stock and $28.25 in cash for each share of Health Net common stock. Based on Centene’s closing stock price on July 1, 2015, the implied consideration is $78.57. Health Net shareholders will be subject to the future volatility and price fluctuation of Centene’s stock.

The investigation concerns whether Health Net’s board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Health Net’s shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration, especially given Wall Street analysts’ projections for Health Net’s promise of future growth.

If you are a shareholder of Health Net and believe the proposed buyout price is too low or you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.

About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

Contacts

Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com

Release Summary

HEALTH NET SHAREHOLDER ALERT: Johnson & Weaver, LLP Launches an Investigation into the Proposed Sale of Health Net, Inc. and Encourages Investors to Contact the Firm for Additional Information

Contacts

Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com