DALLAS--(BUSINESS WIRE)--Kendall Law Group, led by former federal judge Joe Kendall, is investigating Health Net, Inc. (NYSE: HNT) and its Board of Directors on behalf of shareholders in connection with the proposed acquisition of HNT by Centene Corporation (NYSE: CNC). Pursuant to the terms of the merger, Centene would acquire Health Net in a transaction valued at approximately $6.8 billion. Health Net stockholders will receive .622 shares of Centene common stock and $28.25 in cash for each share of Health Net, an approximate value of $78.57.
The national securities firm’s investigation seeks to determine whether Health Net and its Board breached their fiduciary duties by failing to fulfill their fiduciary duties, failing to maximize the value of the Company, failing to disclose all material benefits and costs, and failing to obtain the best possible consideration for the HNT shareholders.
If you currently own shares of HNT and want to know more about your rights, you are encouraged to contact Jamie McKey at the Kendall Law Group at 877-744-3728 or by email at firstname.lastname@example.org to learn more about your rights as a shareholder. There is no cost or obligation to you. Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in nationwide complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.