Health & Fitness
Health and Fitness
Health and Fitness
Tue, October 25, 2011
Mon, October 24, 2011
Harwood Feffer LLP Announces Investigation of HealthSpring Inc.
NEW YORK--([ BUSINESS WIRE ])--Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of HealthSpring, Inc. ("HealthSpring" or the "Company") (NYSE: HS) concerning the proposed acquisition of the Company by Cigna Corp. (aCignaa).
On October 24, 2011, it was announced that Cigna had agreed to buy HealthSpring for $3.8 billion. Under the terms of the agreement, Cigna will acquire all outstanding shares of HealthSpring for $55.00 per share in cash. The transaction undervalues HealthSpring stock. By contrast, Cigna will substantially benefit from the resulting business combination which is expected to be accretive to Cigna earnings per share in the first full year of operations.
Our investigation concerns whether the board of directors has breached its fiduciary duties by failing to adequately shop the Company and whether the board undertook a fair process and obtained fair consideration for HealthSpring stockholders.
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ([ http://www.hfesq.com ]) for more information about the firm.
If you own HealthSpring shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin Sachs-Michaels
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: [ bsachsmichaels@hfesq.com ]
Website: [ http://www.hfesq.com ]
Attorney Advertising. 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ([ www.hfesq.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
