NEW YORK, Aug. 1, 2014 (GLOBE NEWSWIRE) -- 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 jlevi@zlk.com 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 www.zlk.com
