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Law Offices of Howard G. Smith Announces Investigation of HealthSpring, Inc.


//health-fitness.news-articles.net/content/2011/ .. announces-investigation-of-healthspring-inc.html
Published in Health and Fitness on Tuesday, October 25th 2011 at 18:20 GMT by Market Wire   Print publication without navigation


BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of HealthSpring, Inc. (aHealthSpringa or the aCompanya) (NYSE:HS), related to the Companyas agreement to be acquired by Cigna Corporation (aCignaa) in a proposed all-cash transaction. The proposed transaction is valued at approximately $3.8 billion.

Under the terms of the definitive agreement entered into by the parties, Cigna will acquire all the outstanding shares of HealthSpring for $55 per share in cash. The transaction is expected to close during the first half of 2012. The investigation concerns whether the board of directors of HealthSpring breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction.

If you are a shareholder of HealthSpring, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].


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