Family Dollar Stores, Inc. (NYSE: FDO) shareholder litigation in connection with alleged unfair takeover offer
New York, NY, February 19, 2011 — On February 16, 2011, Family Dollar Stores, Inc. (“Family Dollar” or the “Company”) announced that
it has received an acquisition proposal from Trian Group, the investment firm of Nelson W. Peltz.
Under the terms of the proposed transaction, Family Dollar stockholders would receive between $55
and $60 per share of Family Dollar stock they own. Trian Group currently owns approximately 8% of
the outstanding Family Dollar stock. Trian has also indicated that it has asked FDO’s Chairman and
CEO, Howard Levine, who owns 7.5% of FDO’s common stock, participate as an investor alongside
the Trian Group.
The investigation concerns whether the Family Dollar Board of Directors is adequately shopping the
Company in order to obtain the best possible deal for Family Dollar’s shareholders. In particular, at
least one analyst set a price target of $63 per share for Family Dollar stock.
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Contact :
Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St
15th Floor
New York, NY 10004
212-363-7500
[email protected]
