Press release from Business Wire
Harwood Feffer LLP Announces Investigation of Family Dollar Incorporated
Thursday, February 17, 2011
NEW YORK (Business Wire) -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Family Dollar Stores Inc. (NYSE: FDO) (“FDO” or the “Company”) concerning possible breaches of fiduciary duty and other violations of law related to the Company's response to an offer to acquire the Company by the Trian Group (“Trian”) in a proposed transaction valued at approximately $7.6 billion.
Under the terms of the proposed offer, Trian would pay between $55.00 to $60.00 per share in cash for each FDO share. The proposed offer is 36% higher than FDO's stock price on the day prior to the public announcement of the proposed offer. Despite the offer, FDO's board of directors have not taken any action to maximize shareholder value, which may be a substantial breach of the FDO directors' fiduciary obligations.
If you own shares of FDO and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Matthew Houston toll free at (877) 935-7400 or to sign up online, visit www.hfesq.com. You may also email Mr. Houston at firstname.lastname@example.org. For more information about class action cases in general, please visit our website: www.hfesq.com.
Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
Attorney Advertising. (C) 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Harwood Feffer LLP
Matthew Houston, 877-935-7400