SHAREHOLDER ALERT - Family Dollar Stores, Inc. MERGER INVESTIGATION: The Law Office of James C. Kelly Investigates Claims That the Proposed Acquisition May Not Be in the Best Interest of Investors of Family Dollar Stores, Inc.
NEW YORK, July 28, 2014 /PRNewswire/ -- The Law Office of James C. Kelly is investigating claims on behalf of investors of Family Dollar Stores, Inc. ("Family Dollar" or the "Company") (NYSE: FDO), concerning the proposed acquisition of Family Dollar by Dollar Tree, Inc. Shareholders of Family Dollar seeking more information about this acquisition are advised to contact James C. Kelly at 888.643.7517 or [email protected].
Dollar Tree, Inc. and Family Dollar announced that they have entered into a definitive merger agreement under which Dollar Tree will acquire Family Dollar in a cash and stock transaction. Family Dollar shareholders will receive $59.60 in cash and $14.90 equivalent in Dollar Tree shares for a total value consideration of $74.50 per share. Family Tree shareholders will own anywhere from 12.7% to 15.1% of the outstanding stock of Dollar Tree.
The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into the transaction, and whether Dollar Tree, Inc. is underpaying for Family Dollar shares. Indeed, analysts have projected that the true inherent value of Family Dollar is worth at least $79 per share and Family Dollar stock hit a high this past year of $75.29 per share.
The Law Office of James C. Kelly has extensive experience representing shareholders in mergers and acquisition actions. Visit our website for additional information at http://www.jckellylaw.com
Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.
The Law Office of James C. Kelly
244 5th Avenue, Suite K-278
New York, New York 10001
Tel: 212-920-5042
Toll Free Tel: 888-643-7517
Toll Free Fax: 888-224-2078
Email: [email protected]
SOURCE The Law Office of James C. Kelly
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