NEW YORK, Jan. 28, 2015 /PRNewswire/ -- Securities lawyers at Dunnam & Dunnam are investigating the board of City National Corporation (NYSE: CYN) in connection with a buyout for only $47.25 per share. Concerned CYN investors are encouraged to contact attorney Hamilton Lindley by clicking here.
The investigation focuses upon the shareholder value of the transaction. Under terms of the proposed agreement, City National shareholders would receive, on average, $47.25 in cash and 0.7489 of an RBC common share for each share of City National common stock. Based on the January 21, 2015 closing price of RBC's stock, City National shareholders would have received consideration valued at $93.80 per share. At least one analyst has a targeted price for City National's stock at $94.00 per share, according to Yahoo! Finance. The firm's potential shareholder lawsuit will seek to obtain the highest price reasonably available and that all important information about the deal is disclosed.
Dunnam & Dunnam has significant experience representing shareholders in securities lawsuits nationwide. CYN stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [email protected] with questions, toll free at (844) 702-2990 or visit http://www.dunnamlaw.com/CYN.
SOURCE Dunnam & Dunnam