SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of FCB Financial Holdings, Inc. to Synovus Financial Corp. is Fair to Shareholders
Levi & Korsinsky, LLP
Jul. 24, 2018
NEW YORK, July 24, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased FCB Financial Holdings, Inc. (“FCB Financial” or the “Company”) (NYSE:FCB) stock prior to July 24, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of FCB Financial to Synovus Financial Corp. (NYSE:SNV). Under the terms of the transaction, FCB Financial shareholders will receive 1.055 shares of Synovus common stock for each share of FCB Financial stock they own; based on the closing price of Synovus on July 23, 2018, this represents a value of approximately $58.15 per share. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The FCB Financial merger investigation concerns whether the Board of FCB Financial breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Synovus Financial Corp. is underpaying for FCB Financial shares, thus unlawfully harming FCB Financial shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph E. Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com