NEW YORK, Jan. 17, 2018 /PRNewswire/ -- Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in the United States District Court for The District of Connecticut, case no. 3:18-cv-00083, on behalf of stockholders of Aetna, Inc, ("Aetna" or the "Company") (NYSE: AET) who held Aetna securities and have been harmed by Aetna and its board of directors' (the "Board") for alleged violations of Sections 14(a), and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the sale of the Company to CVS Health Corporation.
Under the terms of the agreement, each stock of Aetna's public common stockholders will be converted into the right to receive (i) 0.8378 (the "Exchange Ratio") fully paid and non-assessable shares of CVS Common Stock (the "Share Consideration") and (ii) $145.00 in cash without interest thereon (the "Cash Consideration" and, together with the Share Consideration, the "Merger Consideration"), which would value Aetna at approximately $207.94 per share. The Proposed Transaction is valued at approximately $77 billion. The complaint alleges that S-4 contains materially incomplete and misleading information concerning: (i) financial projections for the Company; (ii) the valuation analyses performed by the Company's financial advisor, Lazard Frères & Co. LLC ("Lazard"), in support of its fairness opinions; (iii) the terms and details surrounding any alternative indications of interest in the Company solicited or received from other company; and (iv) the actual Merger Consideration.
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact:
Click here for more information: www.monteverdelaw.com/investigations/m-a/ It is free and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013 and 2017, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017 Top Rated Lawyer.
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
Tel: (212) 971-1341
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SOURCE Monteverde & Associates PC