NEW YORK, July 24, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Cigna Corp. ("Cigna" or the "Company") (NYSE:CI) for potential breaches of fiduciary duties in connection with the sale of the Company to Anthem Inc. for approximately $54 billion in a cash and stock deal.
The Company's stockholders will only receive $188 for each share of Company common stock they own. However, at least one analyst sets the price target for Company shares at $190 per share.
Click here for more information: www.faruqilaw.com/CI. There is no cost or obligation to you.
The investigation focuses on whether Cigna Corp's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Cigna Corp's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Cigna Corp and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CI or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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