TO: ALL People AND ENTITIES THAT HELD CARDINAL Wellbeing, INC. Popular Inventory AS OF THE Shut OF Investing ON May perhaps 25, 2022 AND THAT Continue on TO Hold CARDINAL Well being Common Stock AS OF THE Close OF Buying and selling ON Oct 4, 2022.
You should Read through THIS SUMMARY See Diligently AND IN ITS ENTIRETY.
DUBLIN, Ohio, July 22, 2022 /PRNewswire/ — The Court licensed this Summary Observe. This Summary Observe relates to a proposed settlement (the “Settlement”) of a stockholder by-product action: In re Cardinal Well being, Inc. Derivative Litig., Case No. 2:19-cv-2491 (S.D. Ohio) (the “Motion”). If the Court docket approves the Settlement, you will be for good barred from contesting the fairness, adequacy, and reasonableness of the Settlement and from pursuing the Produced Promises.
The terms and disorders of the Settlement are set out in a Stipulation and Settlement of Compromise, Settlement, and Release, dated May 25, 2022 (the “Stipulation”). All capitalized terms utilized in this Summary See that are not usually outlined herein have the meanings supplied in the Stipulation and/or Notice.
Issue to the conditions and problems of the Stipulation, the Settlement will provide Cardinal Wellbeing with a gross payment of $124 million, significantly less any Charge and Expense Award awarded by the Courtroom to Plaintiffs’ Counsel. A extra in-depth description of the Motion and the Settlement are set forth in the Stipulation as effectively as the whole Recognize to Cardinal Health, Inc. Stockholders of Proposed Settlement of Stockholder Spinoff Action, Settlement Hearing, and Right to Appear (the “Observe”), equally of which are publicly out there for evaluate on Cardinal Health’s investor relations web site at ir.cardinalhealth.com.
The Court will hold a Settlement Hearing at 2 p.m. on Oct 4, 2022, either in human being at the Joseph P. Kinneary U.S. Courthouse, Space 167, 85 Marconi Boulevard, Columbus, Ohio 43215, or by phone or movie convention, to think about regardless of whether the Judgment, considerably in the variety of Exhibit B to the Stipulation, must be entered: (i) approving the terms and problems of the Settlement as fair, sensible, and enough and in the ideal passions of Cardinal Wellness and its stockholders, (ii) dismissing the Action with prejudice pursuant to the terms of the Stipulation, (iii) ruling on the application by Plaintiffs’ Counsel for the Payment and Expense Award, and (iv) ruling on Plaintiffs’ application for assistance awards.
If you owned Cardinal Health stock (NYSE: CAH) as of the shut of investing on May possibly 25, 2022 and continue to hold Cardinal Health and fitness widespread stock as of the date of the Settlement Hearing, you may object to the Settlement, including Plaintiffs’ Counsel’s software for the Rate and Price Award and provider awards and appear at the Settlement Listening to to display cause why the Settlement, Judgment, or the apps for a Rate and Price Award and company awards really should not be permitted and entered. Any such objections will have to be filed with the Court docket and served on counsel for the Events no later on than September 13, 2022 in accordance with the guidelines set forth in the Observe.
Make sure you Note: Since the Settlement consists of the resolution of a stockholder by-product action, which was brought on behalf of and for the advantage of the Organization, the positive aspects from the Settlement will go to Cardinal Wellness. Particular person Cardinal Health stockholders will not acquire any direct payment from the Settlement. Accordingly, there is no proof of claim kind for stockholders to submit in connection with this Settlement.
Stockholders are not needed to just take any action in reaction to this Summary Observe.
Be sure to take a look at the Trader Relations area of Cardinal Health’s website to study the total Detect and Stipulation for much more info. You might also e mail thoughts to Plaintiffs’ Counsel: Justin Reliford at [email protected] or Jennifer Sarnelli at [email protected] Be sure to DO NOT Get hold of THE Courtroom WITH Issues.
By Purchase of the Courtroom
Media: Erich Timmerman, [email protected] and (614) 757-8231
Traders: Kevin Moran, [email protected] and (614) 757-7942.
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