HEALTH

FHP-Takecare Merger Questioned: Shareholders with a 22% stake in Takecare Inc., a Concord, Calif.-based health maintenance organization, have sued the company, claiming the chairman engineered the rejection of a takeover offer in favor of a lower, $829-million acquisition bid by FHP International Corp. of Fountain Valley. That lower bid was favored, the suit alleges, because it would let Takecare Chairman Jack R. Anderson convert his stock to cash. The suit, filed Tuesday in Delaware Chancery Court, said the board should have accepted an allegedly superior, all-stock bid by United Healthcare Corp. Takecare spokesman David Briere said the suit “is without merit.”