CIT GROUP ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of CIT and Encourages Investors to Contact the Firm
CIT Group Inc (DEL) (CIT)
Last cit group inc (del) earnings: 4/21 06:00 am
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US:NYSE Investor Relations:
ir.cit.com
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Source: GlobeNewswire
NEW YORK, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of CIT Group Inc. (NYSE: CIT) breached their fiduciary duties or violated the federal securities laws in connection with the company’s merger with First Citizens BancShares, Inc. (NASDAQ: FCNCA). Click here to learn more and participate in the action. On October 16, 2020, CIT Group announced that it had signed an agreement to be acquired by First Citizens. Pursuant to the merger agreement, CIT Group stockholders will receive 0.0620 shares of First Citizens common stock for each share of CIT Group common stock owned. The deal is scheduled to close in the first half of 2021. Bragar Eagel & Squire is concerned that CIT Group’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal a
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