FAMILY DOLLAR STORES, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Buyout
WILMINGTON, Del.--(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 firstname.lastname@example.org, 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.
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