|[July 30, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Family Dollar Stores Inc. In Connection With The Proposed Sale Of The Company To Dollar Tree, Inc.
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Family Dollar Stores Inc. ("Family Dollar" or the
"Company") (NYSE: FDO) relating to the proposed buyout of the Company by
Dollar Tree, Inc. ("Dollar Tree").
On July 28, 2014, Dollar Tree announced that it has entered into an
agreement to acquire Family Dollar in a merger valued at approximately
$8.5 billion. Under the terms of the transaction, Family Dollar
shareholders will receive $59.60 in cash and the equivalent of $14.90 in
Dollar Tree shares for each share of Family Dollar common stock they
own. Family Dollar shareholders will own between 12.7% and 15.1% of
Dollar Tree's outstandig common stock, and certain insiders who
collectively own 16% of Family Dollar's outstanding stock have already
agreed to tender their shares. According to Yahoo! Finance, at
least one analyst has issued a price target for Family Dollar stock at
$79.00 per share.
The firm's investigation seeks to determine, among other things, whether
the Company's Board of Directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into the
transaction, and whether Dollar Tree is underpaying for Family Dollar
If you currently own common stock of Family Dollar and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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