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Press release from Business Wire

Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Family Dollar Stores, Inc. in Connection with the Proposed Buyout of the Company by Trian Group

Friday, February 18, 2011

Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Family Dollar Stores, Inc. in Connection with the Proposed Buyout of the Company by Trian Group19:30 EST Friday, February 18, 2011 BENSALEM, Pa. (Business Wire) -- Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Family Dollar Stores, Inc. (“Family Dollar” or the “Company”) (NYSE:FDO), related to a proposal to acquire the Company by Trian Group (“Trian”), and allegations that Trian's offer undervalues the Company's shares. Under the terms of the proposed transaction, Family Dollar shareholders would receive a cash payment in the range of $55-$60 per share for each share they own of the Company's stock. The proposal values the Company at approximately $7 billion. Trian, the investment group headed by Nelson W. Peltz, currently owns approximately 8% of Family Dollar's outstanding shares. The investigation concerns possible breaches of fiduciary duty and other violations of law related to the Family Dollar board of directors' consideration of the proposed transaction. If you own shares of Family Dollar, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com. Law Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com