Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Family Dollar Stores, Inc. (NYSE: FDO) breached their fiduciary duties in connection with the proposed sale of the Company to Dollar Tree, Inc.

Additional Information:

Family Dollar operates a chain of self-service retail discount stores primarily for low- and middle-income consumers in the United States.

On July 28, 2014, Family Dollar and Dollar Tree entered into an agreement whereby Dollar Tree will acquire Family Dollar. Under the terms of the transaction, Family Dollar shareholders will receive $74.50 for each share they own, comprised of $59.60 in cash and $14.90 in Dollar Tree stock. Howard Levine, chairman and CEO of Family Dollar, has entered into a voting agreement in support of the merger and upon the deal closing will become a member of the Dollar Tree board of directors.

The investigation concerns whether Family Dollar’s board failed to satisfy their duties to the company’s shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company’s shares of common stock. The investigation also concerns possible conflicts of interest arising out of the Family Dollar’s management’s potential benefits in post-acquisition employment or investment opportunities.

If you are a shareholder of Family Dollar and believe the proposed buyout price is too low or you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ( at 619-814-4471.

About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit Attorney advertising. Past results do not guarantee future outcomes.

Copyright Business Wire 2010