NEW YORK, July 7, 2015 /PRNewswire/ -- Morgan & Morgan announces that it is investigating the Board of Directors of Humana Inc. ("Humana" or the "Company") (HUM) for potential breaches of fiduciary duties in connection with the sale of the Company to Aetna Inc. for approximately $37 billion in cash and shares.
Under the terms of the transaction, Humana shareholders will only receive $125.00 in cash and 0.8375 Aetna common shares for each share of Company common stock they own or $230.11 per share.
Morgan & Morgan's investigation concerns whether the board of directors of Humana breached its fiduciary duties to act in the best interests of Humana shareholders.
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