Energy News / Shareholders Foundation, Inc.

NYSE:AET Investor Alert: Lawsuit Filed Against Takeover of Aetna Inc by CVS Health

Via: ReleaseWire

Updated 11:00 AM CST, Mon, January 22,2018

A lawsuit was filed for investors in shares of Aetna Inc (NYSE:AET) in connection with the proposed takeover and NYSE:AET stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 01/22/2018 -- The Shareholders Foundation announced that an investor, who currently holds shares of Aetna Inc (NYSE:AET), filed a lawsuit against the proposed takeover of Aetna Inc. by CVS Health for a value of approximately $207.94 per share.

Investors who purchased shares of Aetna Inc (NYSE:AET) and currently hold any of those NYSE:AET shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:AET stockholders by agreeing to sell Aetna Inc via an unfair process.

On December 3, 2017, CVS Health (NYSE: CVS) and Aetna (NYSE: AET), announced the execution of a merger agreement under which CVS Health will acquire all outstanding shares of Aetna for a combination of cash and stock. Under the terms of the merger agreement, Aetna shareholders will receive $145.00 per share in cash and 0.8378 CVS Health shares for each Aetna share. Based on a closing price of $75.12 per NYSE:CVS share on December 1, 2017 investors in NYSE:AET shares will receive a value of approximately $207.94 per NYSE:AET shares.

However, plaintiff claims that the proposed consideration NYSE:AET shareholders will receive is grossly inadequate and undervalues Aetna. Indeed, at least one analyst has set the high price target for NYSE:AET shares at $214.00 per share. In addition, the plaintiff alleges that the process is also unfair NYSE:AET stockholders.

Those who are current investors in Aetna Inc (NYSE:AET) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyseaet-investor-alert-lawsuit-filed-against-takeover-of-aetna-inc-by-cvs-health-919673.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com