Board of Directors of Family Dollar in Adoption of One-Year Shareholder Rights Plan
June 9, 2014
Cleary Gottlieb is representing the Board of Directors of Family Dollar in connection with the adoption of a one-year shareholder rights plan. The rights plan will help the Board protect shareholders against any person or group gaining control of the Company by open market accumulation or otherwise without paying a control premium for all shares. Cleary Gottlieb previously advised the Board in connection with relations with activist hedge fund, Trian Partners, and is currently advising the Board in connection with the Schedule 13D filed on the company by Carl Icahn.