WellCare Health Plans (WCG) Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of WellCare Health Plans, Inc. is Fair to WellCare Shareholders – WCG
NEW YORK, April 15, 2019 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating whether the sale of WellCare Health Plans, Inc. (“WellCare” or the “Company”) (NYSE: WCG) to Centene Corporation (“Centene”) is fair to WellCare shareholders.
If you are a WellCare shareholder and would like to discuss your legal rights and options, please visit WellCare (WCG) Merger Investigation or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or firstname.lastname@example.org or email@example.com.
On or around February 6, 2019, BMO Capital Markets set a target price for WellCare at $330.00 per share, or 7% higher than Centene’s offer price of $305.39 per share as of March 26, 2019. The investigation concerns whether WellCare and its Board of Directors violated the federal securities laws and/or their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for WellCare shareholders; (2) determine whether Centene is underpaying for WellCare; and (3) disclose all material information necessary for WellCare shareholders to adequately assess and value the merger consideration.
On behalf of WellCare shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
If you are a WellCare shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/wellcare-health-plans-inc-wcg-merger-centene-corporation-stock/ or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or firstname.lastname@example.org or email@example.com.
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