Faruqi & Faruqi, LLP Announces Investigation of HealthSpring, Inc. (HS)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of HealthSpring, Inc. (“HealthSpring” or the “Company”) (NYSE: HS) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Cigna Corporation (NYSE: CI) in an all-cash deal valued at about $3.8 billion. Under the terms of the proposed transaction, HealthSpring stockholders will receive $55 in cash for each share of HealthSpring common stock they own. According to Yahoo! Finance, at least one financial analyst has set a price target of $61 for HealthSpring.
Whether HealthSpring’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues HealthSpring’s shares and by how much this proposed transaction undervalues the Company to the detriment of HealthSpring’s shareholders are the key focus of this investigation.
If you own common stock in HealthSpring and wish to obtain additional information, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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