HEALTH NET INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Health Net, Inc.

News provided by

Jul 02, 2015, 03:42 ET

NEW ORLEANS, July 2, 2015 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Health Net, Inc. ("Health Net" or the "Company") (NYSE: HNT) to Centene Corporation (NYSE: CNC). Under the terms of the proposed transaction, shareholders of Health Net will receive only 0.622 shares of Centene common stock and $28.25 in cash for each share of Health Net common stock that they own, representing an implied price per share of $78.57 based on Centene's closing price on July 1, 2015. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) or partner Michael J. Palestina ([email protected]) toll free at any time at 855-768-1857.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447

SOURCE Kahn Swick & Foti, LLC