Family Dollar gets buyout offer

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Family Dollar Stores, Inc. confirmed today that it has received an unsolicited conditional acquisition proposal from Trian Group.

The offer was in the  price range of $55 to $60 per share in cash, subject to due diligence, financing and other conditions.

There are five Family Dollar stores in Colorado Springs.

Family Dollar, a Fortune 500 company, was founded in North Carolina in 1959, and the company now operates more than 6,800 stores in 44 states.