Health & Fitness
Health and Fitness
Health and Fitness
Mon, October 24, 2011
DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating HealthSpring, Inc. (NYSE: HS) for shareholders in connection with the proposed acquisition by Cigna Corp. The national securities firmas investigation seeks to determine whether HealthSpring and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a HealthSpring shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ investor@kendalllawgroup.com ].
On October 24, 2011, the companies announced the definitive merger agreement under which HealthSpring would be acquired by Cigna in a transaction valued at approximately $3.8 billion. Under the terms of the agreement, HealthSpring stockholders will receive $55.00 in cash for each share of HealthSpring/HS common stock held. HealthSpring has reported steady profit growth since going public in 2006. The firmas investigation seeks to determine whether HealthSpring and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in 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.
