Family Dollar Stores (FDO) Says Trian Proposal Undervalues Company

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Family Dollar Stores, Inc. (NYSE: FDO) said its Board of Directors determined that continued implementation of the Company's strategic plan remains the best way to deliver value to all Family Dollar shareholders.

The Board also determined that the unsolicited, conditional proposal from Trian Group to acquire Family Dollar substantially undervalues the Company and that pursuit of a sale of the Company is not in the best interest of shareholders.

The Company also announced that its Board has adopted a shareholder rights plan.

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