NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP is investigating potential claims against the Board of Directors of Health Net, Inc. (“Health Net” or the “Company”) (NYSE:HNT) concerning the proposed acquisition of the Company by Centene Corporation (“Centene”). Pursuant to the terms of the definitive agreement, Health Net stockholders will receive $28.25 in cash and 0.622 shares of Centene common stock for each share of Health Net common stock they own, a total value of approximately $78.57 per Health Net share, or $6.8 billion in the aggregate.
The investigation concerns whether the Health Net Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company’s common stock.
If you are a Health Net stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, or telephone at (212) 699-1145 or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.