Finkelstein Thompson LLP Investigates Potentially Unfair Buyout of City National Corp.

WASHINGTON--(BUSINESS WIRE)--

The law firm of Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of City National Corp. CYN, concerning the Company's proposed acquisition by Royal Bank of Canada RY. Under the terms of the proposal, City National Corp. shareholders will receive $47.25 in cash and 0.7489 of a share of Royal Bank for each share of City National Corp. common stock they own, a total value of $93.80 per share. At least one analyst has set a high target price of $94.00 for City National Corp. shares. The entire transaction is valued at approximately $5.4 billion.

The investigation is focused on whether City National Corp.'s Board of Directors breached its fiduciary duty in failing to maximize consideration to shareholders, the potential unfairness of the consideration to shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interest among the City National Corp.'s Board of Directors' members.

If you are interested in discussing your rights as a City National Corp. shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or (202) 337-8000, or by email at contact@finkelsteinthompson.com.

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our website at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.