WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of First Connecticut Bancorp, Inc. (NASDAQ GS: FBNK)?
- Did you purchase any of your shares prior to June 19, 2018?
- Do you think the proposed merger is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of First Connecticut Bancorp, Inc. (“FBNK” or the “Company”) (NASDAQ GS: FBNK) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with People’s United Financial, Inc. (“PBCT”) (NASDAQ GS: PBCT) in a transaction valued at approximately $544 million. Under the terms of the agreement, shareholders of FBNK will receive 1.725 shares of PBCT common stock for each share of FBNK common stock.
If you own common stock of FBNK and purchased any shares before June 19, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at email@example.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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