The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Proposed Management Buyout of Family Dollar Investigated by Tripp Levy PLLC

Wednesday, February 16, 2011

Proposed Management Buyout of Family Dollar Investigated by Tripp Levy PLLC07:33 EST Wednesday, February 16, 2011 NEW YORK (Business Wire) -- Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Family Dollar Stores, Inc. (NYSE: FDO). FDO announced that it has received a proposal from Trian Group to acquire FDO at a price in the range of $55 to $60 per share in cash. Trian, with an almost 8% stake in FDO, is FDO's largest shareholder. Trian has also indicated that it has asked FDO's Chairman and CEO, Howard Levine, who owns 7.5% of FDO's common stock, to participate in the acquisition of FDO. The investigation concerns, among other things, whether the consideration to be paid to FDO shareholders is unfair, inadequate, and substantially below the fair or inherent value of FDO. Indeed, analysts have projected that FDO could be worth as much as $78 per share. The investigation further concerns whether Trian and Levine, as well as the board of directors of FDO may have breached their fiduciary duties by not acting in FDO shareholders' best interests in connection with the sale process of FDO. If you own FDO common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact Tripp Levy Tripp Levy PLLC 125 East 82nd Street 9th Floor New York, New York Toll Free: 877-772-3975 Email: contact@tripplevy.com   Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome. Tripp Levy PLLCTripp Levy, 877-772-3975contact@tripplevy.com