Family Dollar Board Concludes Sale of the Company is Not in Best Interest of Shareholders

Family Dollar Stores, Inc. FDO today announced that its Board of Directors, by a unanimous vote of those present, 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.