FAMILY DOLLAR STORES, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Buyout
August 01 2014 - 7:30AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Family Dollar
Stores, Inc. (NYSE:FDO)?
- Did you purchase any of your shares
prior to July 28, 2014?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Family
Dollar Stores, Inc. (“Family Dollar” or the “Company”) (NYSE:FDO)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Dollar Tree, Inc. (“Dollar Tree”) (NASDAQ
GS:DLTR), in a transaction valued at approximately $9.2
billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/family-dollar-stores-inc-fdo-buyout.
Under the terms of the agreement, public shareholders of Family
Dollar shareholders will receive $74.50 for each share they own,
comprised of $59.60 in cash and $14.90 in Dollar Tree stock.
The investigation concerns whether Family Dollar’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Family Dollar’s shareholders before entering
into an agreement with Dollar Tree. According to Yahoo! Finance, at
least one analyst has issued a price target for Family Dollar stock
at $79.00 per share.
If you own the common stock of Family Dollar and purchased your
shares before July 28, 2014, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/family-dollar-stores-inc-fdo-buyout.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com