PR Newswire | Oct 16, 2020 02:54PM EDT

10/16 13:53 CDT

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of CIT Group Inc. NEW YORK, Oct. 16, 2020

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