SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC and CIT Shareholders About Its Ongoing Investigations
SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC and CIT Shareholders About Its Ongoing Investigations |
[02-December-2020] |
NEW YORK, Dec. 2, 2020 /PRNewswire/ -- If you own shares in any of the companies listed above and Joshua Rubin, Esq. Duff & Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC) WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Duff & Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC) in connection with the company's proposed merger with DNP Select Income Fund Inc. ("DNP"). Under the terms of the merger agreement, DUC will merge into DNP, with DNP as the surviving company of the merger. The combined fund will retain DNP's name and will continue to trade on the New York Stock Exchange under DNP's ticker symbol. If you own DUC shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslawllp.com/duc/ CIT Group Inc. (NASDAQ: CIT) WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CIT Group Inc. (NASDAQ: CIT) in connection with the proposed acquisition of the company by First Citizens BancShares, Inc. ("FCNCA"). Under the terms of the agreement, CIT shareholders will receive 0.0620 shares of FCNCA common stock for each share of CIT common stock that they own, representing implied per-share merger consideration of $32.77 based upon FCNCA's November 30, 2020 closing price of $528.59. If you own CIT shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/cit/ View original content to download multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations-301185031.html SOURCE WeissLaw LLP | ||
Company Codes: NYSE:CIT, NYSE:DUC |
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