WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of WellCare Health Plans, Inc. (“WCG” or the “Company”) WCG, -2.58% in connection with the proposed acquisition of the Company by Centene Corporation (“Centene”) CNC, -4.01% Under the terms of the acquisition agreement, WCG shareholders will receive 3.38 shares of Centene and $120 in cash in exchange for each WCG share they own, representing consideration of $296.16 based on Centene’s closing price on the day of the acquisition announcement.
Date: April 15, 2019
Source: MarketWatch