NEW YORK, July 29, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Family Dollar Stores, Inc. ("Family Dollar" or the "Company") (NYSE: FDO) concerning the proposed acquisition of the Company by Dollar Tree, Inc. ("Dollar Tree")(NasdaqGM: DLTR).
On July 28, 2014, Family Dollar announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Dollar Tree. Under the terms of the agreement, Family Dollar shareholders will receive a total of $74.50 for each share they own, comprised of $59.60 in cash and $14.90 in Dollar Tree stock.
Our investigation concerns whether the Family Dollar board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Family Dollar shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Peter W. Overs, Jr., Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising © 2014 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (http://www.hfesq.com/). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP