The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased First Connecticut Bancorp,
Inc. (“First Connecticut” or the “Company”) (NASDAQ: FBNK) stock prior
to June 19, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced
an investigation into the fairness of the sale
of First Connecticut to People’s United Financial, Inc. (“People’s
United”) (NASDAQ: PBCT). Under the terms of the transaction, First
Connecticut shareholders will receive 1.725 shares of People’s United
stock for each First Connecticut share they own, representing a value of
approximately $32.33 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 investigation concerns whether the Board of First Connecticut
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into this transaction, and
whether People’s United is underpaying for First Connecticut shares,
thus unlawfully harming First Connecticut 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.
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