NEW YORK, Oct. 16, 2020 /PRNewswire/ -- Rowley Law PLLC is
investigating potential securities law violations by CIT Group Inc.
(NYSE: CIT) and its board of directors concerning the proposed
acquisition of the company by First Citizens BancShares, Inc.
(NASDAQ: FCNCA). Stockholders will receive 0.0620 shares of First
Citizens BancShares common stock for each share of CIT Group stock
that they hold and will own approximately 39% of the combined
company. The transaction is expected to close in the first half of
2021.
If you are a stockholder of CIT Group Inc. and are interested in
obtaining additional information regarding this investigation,
please visit us
at: http://www.rowleylawpllc.com/investigation/cit/.
You may also contact Shane Rowley,
Esq. at Rowley Law PLLC, 50 Main Street Suite 1000,
White Plains, NY 10606, by email
at info@rowleylawpllc.com, or by telephone at 914-400-1920
or 844-400-4643 (toll-free).
Rowley Law PLLC represents shareholders nationwide in class
actions and derivative lawsuits in complex corporate litigation.
For more information about the firm and its attorneys, please visit
http://www.rowleylawpllc.com.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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SOURCE Rowley Law PLLC