Cases
Surgical Care Affiliates, Inc. (NASDAQ: SCAI)
Merger
Overview
Overview
- Date:
- 3/13/2017
- Company Name:
- Surgical Care Afiliates, Inc.
- Stock Symbol:
- SCAI
- Company Name - Buyer:
- UnitedHealth Group Inc.
- Class Period:
- FROM 2/28/2017
- Status:
- Closed/Complete
- Merger Announcement Date:
- 1/9/2017
- Court:
- U.S. District Court: District of Delaware
NEW YORK, March 13, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the District of Delaware on behalf of all persons or entities who held Surgical Care Affiliates, Inc. (NASDAQ: SCAI) securities on February 28, 2017 (the “Class Period”).
On January 9, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which UnitedHealth Group Inc. will acquire Surgical Care Affiliates. As a result of the merger, Surgical Care Affiliates shareholders are only anticipated to receive $11.40 in cash and shares of UnitedHealth, totaling to the equivalent of $57.00 for each share of Surgical Care Affiliates common stock.
The Complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Surgical Care Affiliates securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On January 9, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which UnitedHealth Group Inc. will acquire Surgical Care Affiliates. As a result of the merger, Surgical Care Affiliates shareholders are only anticipated to receive $11.40 in cash and shares of UnitedHealth, totaling to the equivalent of $57.00 for each share of Surgical Care Affiliates common stock.
The Complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Surgical Care Affiliates securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.