Family Dollar Stores, Inc. Merger Litigation (NYSE: FDO)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of
Family Dollar Stores, Inc. in Connection with the Sale of the Company -FDO
BALA CYNWYD, July 28, 2014 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Family Dollar Stores, Inc. (“Family Dollar” or the “Company”) (NYSE –FDO -News) relating to the proposed acquisition by Dollar Tree, Inc. (“Dollar Tree”).
Under the terms of the transaction, Family Dollar shareholders will receive only the equivalent of $14.90 in Dollar Tree shares and $59.60 in cash for each share of Family Dollar stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Family Dollar for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue Family Dollar as the Company operates more than 8,200 stores and an analyst has set a price target of $79.00 per share for Family Dollar stock.
If you own shares of Family Dollar common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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