Family Dollar Securities Class Action Lawsuit
A law office recently noted that it filed a securities class action lawsuit against a retail chain after its leaders agreed for the company to be purchased by another retailer.
Brower Piven explained that the litigation was filed in the Delaware Court of Chancery against Family Dollar Stores, Inc. This included all shareholders that acquired the company’s stock before the announcement of the deal on July 28, 2014.
The deal, if finalized, would be worth approximately $8.5 billion. However, shareholders of Family Dollar Stores’ stock would receive just $59.60 in cash as well as $14.90 in Dollar tree shares for each interest they own. This equates to a value of $74.50 per share.
These issues may mean that the company’s board of directors breached fiduciary duties by not getting the highest value available for its shareholders. There also are concerns that Dollar Tree paid too little for the shares.
For any shareholders who are interested in learning more about the case, it is possible to speak with the law office to learn more. The best way to seek out more information is to contact a representative by email or telephone, while additional issues can be explored by visiting the law office’s website.
Family Dollar Securities Class Action Lawsuit
Separate investigation underway
Another law firm commenced an investigation into the issues related to the sale in order to determine whether or not the board of directors at Family Dollar Stores breached its fiduciary duty. This also may become a class action lawsuit in the future.
Law office Robbins Arroyo, LLP, noted it began looking into claims made by shareholders that the deal was not valued highly enough. The figure agreed to in the merger may be too low for shareholders, and it may prevent them from making enough off of the deal. It also may be a problem that shareholders will not be able to continue to make more money while the company continues to grow and thrive in the future. This is due to the company making notable improvements in growth measurements during recent quarters.
Shareholders who are looking to learn more about this process also have the ability to speak with this litigation firm. The best individual to speak with is Darnell Donahue, and he can be reached by telephone or email.