Family Dollar Stores, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Dollar Tree, Inc.
July 30, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of Family Dollar Stores, Inc. (“Family Dollar” or the “Company”) (NYSE: FDO) breached its fiduciary duty to its shareholders in agreeing to sell Family Dollar to Dollar Tree, Inc. (“Dollar Tree”).
Under the terms of the agreement, Family Dollar shareholders will receive $59.60 in cash and $14.90 equivalent in Dollar Tree shares for each share they own. The investigation is focused on the potential unfairness of the price to Family Dollar shareholders and the process by which the Family Dollar Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last twelve years.