|[June 25, 2014]
SHAREHOLDER ALERT: Merger of First Citizens BancShares, Inc. (FCNCA) with First Citizens Bancorporation, Inc. (FCBN) is Being Investigated by Faruqi & Faruqi, LLP as it May Be Detrimental to the Interests of Shareholders
NEW YORK --(Business Wire)--
E. Monteverde, a partner at Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of First
Citizens Bancorporation, Inc. ("First Citizens Bancorp" or the
"Company") (OTC: FCBN) for potential breaches of fiduciary duties in
connection with their conduct related to the merging of the Company with
and into First Citizens BancShares, Inc. Under the terms of the proposed
transaction, First Citizens Bancorp's stockholders will receive either
4.00 shares of First Citizens Bancshares Class A common stock and $50.00
cash or 3.58 shares of First Citizens Bancshares Class A common stock
and 0.42 shares of First Citizens Bancshares Class B common stock for
each share of First Citizens Bancorp common stock they own.
Request more informtion now by clicking here: www.faruqilaw.com/FCBN.
There is no cost or obligation to you.
The investigation focuses on whether First Citizens Bancorp's Board of
Directors breached their fiduciary duties to the Company's stockholders
by failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of First
Citizens Bancorp's shareholders.
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm's clients.
If you own common stock in First Citizens Bancorp and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/FCBN
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
[ Back To Technology News's Homepage ]