Weiss Law investigates Centric Financial Corporation
NEW YORK, August 31, 2022 /PRNewswire/ — Weiss Law is investigating possible breaches of fiduciary duty and other breaches of law by the board of directors of Centric Financial Corporation (“Centric” or the “Company”) (OTC: CFCX ) in its proposed merger with First Commonwealth Financial Corporation (“First Commonwealth”) (NYSE: FCF). Under the terms of the merger agreement, shareholders of the Company will receive a fixed exchange ratio of 1.09 shares of First Commonwealth common stock for each share of Centric common stock held, representing implied merger consideration per share of $15.38 based on the First Commonwealth August 30, 2022 closing price of $14.11.
If you own Central actions and wish to discuss this survey or have questions about this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/cfcx
Or please contact:
Joshua Rubin, Esq.
Weiss’ law
305 Broadway, 7e Floor
New YorkNY 10007
(212) 682-3025
(888) 593-4771
[email protected]
Weiss Law is investigating whether (i) Centric’s board of directors acted in the best interests of the company’s shareholders in agreeing to the proposed transaction, (ii) the merger consideration per share adequately compensates shareholders of Centric, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
Weiss Law has litigated hundreds of shareholder class and derivative actions for breach of corporate and fiduciary duties. We’ve recovered more than $1 billion for defrauded customers and won significant corporate governance relief in many of those cases. If you have information or want legal advice regarding possible corporate wrongdoing (including insider trading, waste of company assets, accounting fraud or misleading information), fraud consumer rights (including false advertising, defective products or other deceptive marketing practices), or anti-trust violations, please email us at [email protected]
SOURCE Weiss’ Law
