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Law Firm Brower Piven Announces Investigation of HealthSpring, Inc.

^{Published on 2011-10-24 18:22:02 - Market Wire}
 

STEVENSON, Md.--([ BUSINESS WIRE ])--The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of HealthSpring, Inc. (aHealthSpringa) (NYSE: HS) and other violations of state law by the board of directors of HealthSpring relating to the proposed acquisition of the company by Cigna Corporation (aCignaa) The firmas investigation seeks to determine, among other things, whether the board breached their fiduciary duties by failing to maximize shareholder value.

On October 24, 2011, Cigna announced that it had entered into a definitive agreement to acquire HealthSpring for $55.00 per share in cash, or an aggregate purchase price of approximately $3.8 billion. According to the press release, this represents only a 37 percent premium to HealthSpringas closing price on October 21, 2011, the day before the transaction was announced.

If you currently own shares of HealthSpring and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at [ hoffman@browerpiven.com ], by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.