/C O R R E C T I O N -- Harwood Feffer LLP/
Jun 12, 2014
In the news release, Harwood Feffer LLP Announces Investigation of First Citizens Banc Corp, issued 11-Jun-2014 by Harwood Feffer LLP over PR Newswire, we are advised by the company that the release erroneously stated that First Citizens Banc Corp (NASDAQ: FCZA) is the subject of an investigation by Harwood Feffer LLP. The press release should have referred to First Citizens Bancorporation, Inc. (Pink Sheets: FCBN), not First Citizens Banc Corp. First Citizens Banc Corp is the not the subject of the investigation. The complete, corrected release follows:
Harwood Feffer LLP Announces Investigation of First Citizens Bancorporation, Inc.
NEW YORK, June 11, 2014 /PRNewswire/-- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of First Citizens Bancorporation, Inc. (Pink Sheets: FCBN) concerning the proposed acquisition of the Company by First Citizens BancShares, Inc. (the "Acquirer").
Under the terms of the transaction, the Acquirer will purchase First Citizens Bancorporation, Inc. in a transaction valued between $636 and $676 million. First Citizens Bancorporation, Inc. shareholders will receive 4 shares of the Acquirer's Class A common stock and $50 cash for each share of First Citizens Bancorporation, Inc. owned. However, First Citizens Bancorporation, Inc. shareholders may elect instead to receive 3.58 shares of Acquirer's Class A common stock and 0.42 shares of Class B common stock for each share of First Citizens Bancorporation, Inc. owned.
Our investigation concerns whether the First Citizens Bancorporation, Inc. board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company unit holders.
If you own First Citizens Bancorporation, Inc. shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Craig Lowther
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising © 2014 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (http://www.hfesq.com/). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP