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Shamrock Investments Acquisitions Corp

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June 11, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
Health Net said Monday that its directors rejected two outside offers to buy the HMO, but not before giant hospital operator Humana Inc. weighed in with a third bid to purchase the Woodland Hills-based concern. A fourth acquisition offer--a controversial, $108-million proposal from Health Net Chairman Roger F. Greaves and 31 other Health Net executives--is favored by the HMO's board. All three outside offers are higher than management's bid.
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BUSINESS
June 11, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
Health Net said Monday that its directors rejected two outside offers to buy the HMO, but not before giant hospital operator Humana Inc. weighed in with a third bid to purchase the Woodland Hills-based concern. A fourth acquisition offer--a controversial, $108-million proposal from Health Net Chairman Roger F. Greaves and 31 other Health Net executives--is favored by the HMO's board. All three outside offers are higher than management's bid.
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