CIGNA INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cigna Corporation

Jul 24, 2015, 15:52 ET from Kahn Swick & Foti, LLC

NEW ORLEANS, July 24, 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 Cigna Corporation ("Cigna" or the "Company") (NYSE: CI) to Anthem, Inc. (NYSE: ANTM).  Under the terms of the proposed transaction, shareholders of Cigna will receive only $103.40 in cash and 0.5152 Anthem common shares for each share of Cigna that they own.  According to the Company, the total per share consideration equates to approximately $188.00 for each Cigna share based on Anthem's closing share price on May 28, 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 (lewis.kahn@ksfcounsel.com) or partner Michael J. Palestina (michael.palestina@ksfcounsel.com) 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



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