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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Cigna Corp (NYSE: CI) acted responsibly on behalf of investors’ profitability in the planned $54.2 billion sale to Anthem Inc (NYSE: ANTM).
On July 24 2015, Cigna Corp (NYSE: CI) and Anthem Inc (NYSE: ANTM) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Cigna shareholders will receive $103.40 in cash and 0.5152 Anthem common shares for each Cigna common share. The total per share consideration equates to approximately $188.00 for each Cigna share.
Based in Bloomfield, CT, and founded in 1792 Cigna Corp is a health services organization that provides insurance and related products internationally. The business is divided into the following segments; Commercial, Government, Group Disability and Life, Global Supplemental Benefit, Run-off Reinsurance, and Other Operations.
The investigation is looking to uncover whether Cigna Corp was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $190.00 per share.
If you purchased Cigna Corp (NYSE: CI) prior to July 24, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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