SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Newman Ferrara LLP Announces Investigation of Family Dollar Stores, Inc.

[July 28, 2014]

Newman Ferrara LLP Announces Investigation of Family Dollar Stores, Inc.

NEW YORK --(Business Wire)--

Newman Ferrara LLP has begun an investigation into potential claims against the board of directors of Family Dollar Stores, Inc. ("Family Dollar") (NYSE:FDO) concerning its proposed sale to Dollar Tree, Inc. ("Dollar Tree") (NASDAQ:DLTR).

On July 28, 2014, Family Dollar announced that it had entered into an agreement and plan of merger to be acquired by Dollar Tree under which Family Dollar stockholders will receive $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree stock for each share of Family Dollar stock owned. Upon completion of the proposed sale, Family Dollar stockholders will own between 12.7% and 15.1% of Dollar Tree's outstading common stock. The proposed deal is expected to close by early 2015.


Newman Ferrara's investigation concerns whether Family Dollar's Board of Directors has breached its fiduciary duties to act in the best interests of Family Dollar's stockholders. The investigation focuses on the potential unfairness of the consideration being provided to Family Dollar's stockholders and the process by which Family Dollar's Board of Directors considered and approved the proposed deal.

Concerned investors may contact Newman Ferrara attorney Roy Shimon at rshimon@nfllp.com to discuss this investigation, their rights, or potential remedies.

Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at www.nfllp.com.


[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved | Privacy Policy