Newman Ferrara LLP has begun an investigation into potential claims
against the board of directors of Family Dollar Stores, Inc. ("Family
Dollar") (NYSE:FDO) concerning its proposed sale to Dollar Tree, Inc.
("Dollar Tree") (NASDAQ:DLTR).
On July 28, 2014, Family Dollar announced that it had entered
into an agreement and plan of merger to be acquired by Dollar Tree under
which Family Dollar stockholders will receive $59.60 in cash and
the equivalent of $14.90 in shares of Dollar Tree stock for each share
of Family Dollar stock owned. Upon completion of the proposed
sale, Family Dollar stockholders will own between 12.7% and 15.1% of
Dollar Tree's outstading common stock. The proposed deal is expected to
close by early 2015.
Newman Ferrara's investigation concerns whether Family Dollar's Board of
Directors has breached its fiduciary duties to act in the best interests
of Family Dollar's stockholders. The investigation focuses on the
potential unfairness of the consideration being provided to Family
Dollar's stockholders and the process by which Family Dollar's Board of
Directors considered and approved the proposed deal.
Concerned investors may contact Newman Ferrara attorney Roy Shimon at email@example.com
to discuss this investigation, their rights, or potential remedies.
Newman Ferrara maintains a multifaceted practice based in New York City
with attorneys specializing in complex commercial and multi-party
litigation, securities fraud and shareholder litigation, consumer
protection, civil rights, and real estate. For more information, please
visit the firm website at www.nfllp.com.
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