INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of Family Dollar Stores, Inc. of Class Action Against Its Board of Directors In Connection With the Sale of the Company to Dollar Tree, Inc. -- FDO
(Marketwire Via Acquire Media NewsEdge) NEW YORK, NY -- (Marketwired) -- 08/08/14 --
Levi & Korsinsky notifies investors of Family Dollar Stores, Inc. ("Family Dollar" or "the Company") (NYSE: FDO) of claims of breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Dollar Tree, Inc. (NASDAQ: DLTR). A complaint was filed in Delaware state court.
Click here to learn more about the investigation: http://zlk.9nl.com/familydollar-fdo, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Family Dollar shareholders will receive $59.60 in cash and the equivalent of $14.90 in Dollar Tree shares for each share of Family Dollar common stock they own. The claims concern whether the Board of Family Dollar breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Dollar Tree, Inc. is underpaying for Family Dollar shares. Family Dollar shareholders will own between 12.7% and 15.1% of Dollar Tree's outstanding common stock; certain insiders who collectively own 16% of Family's Dollar's outstanding stock have already agreed to tender their shares.
If you own Family Dollar common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/familydollar-fdo.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
Source: Levi & Korsinsky, LLP
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