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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Health Net Inc (NYSE: HNT) acted responsibly on behalf of investors’ profitability in the planned $6.8 billion sale to Centene Corporation (NYSE: CNC).
On July 2, 2015, Health Net Inc (NYSE: HNT) and Centene Corporation (NYSE: CNC) announced that they had entered into a merger agreement. Under the terms of the merger 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 in Woodland Hills, CA, and founded in 1979 Health Net Inc is a managed health care company that offers health plans and government-sponsored managed care plans. The Company also offers various Medicaid/Medicare products and services. Additionally, it is involved in government-sponsored managed care federal contract with the Department of Defense under the TRICARE program; and other health care, mental health, and behavioral health government contracts.
The investigation focuses on whether NYSE: HNT investors received the highest price and whether the directors of Health Net Inc acted in the best interest of Health Net Inc company and its shareholders.
If you purchased Health Net Inc (NYSE: HNT) prior to July 2, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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