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Kaskela Law LLC Announces Investigation of First Citizens BancShares, Inc. (FCNCA) and Encourages FCNCA Stockholders to Contact the Firm

·1 min read

PHILADELPHIA, PA / ACCESSWIRE / October 27, 2020 / Kaskela Law LLC announces that it is investigating First Citizens BancShares, Inc. ("First Citizens") (NASDAQ:FCNCA) on behalf of the company's stockholders.

On October 16, 2020, First Citizens announced that it had entered into a merger agreement with CIT Group Inc. ("CIT Group"). According to the announcement, in connection with the proposed transaction CIT Group shareholders will be receiving 0.0620 shares of First Citizens class A common stock for each share of CIT common stock they own, resulting in First Citizens' stockholders owning 61% and CIT Group stockholders owning 39% of the combined company.

The investigation seeks to determine whether the proposed transaction as structured is fair to First Citizens and its stockholders, and whether First Citizens stockholders are receiving all material information in connection with the proposed transaction.

First Citizens shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585, or by email at skaskela@kaskelalaw.com or online at

http://kaskelalaw.com/case/first-citizens-bancshares-inc/, for additional information about this investigation and their legal rights and options.

Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 258 - 1585
(888) 715 - 1740
www.kaskelalaw.com
skaskela@kaskelalaw.com

This notice may constitute attorney advertising in certain jurisdictions.

SOURCE: Kaskela Law LLC



View source version on accesswire.com:
https://www.accesswire.com/612672/Kaskela-Law-LLC-Announces-Investigation-of-First-Citizens-BancShares-Inc-FCNCA-and-Encourages-FCNCA-Stockholders-to-Contact-the-Firm