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Family Dollar Stores Inc. Message Board

  • samspade_44 samspade_44 Mar 2, 2011 2:13 PM Flag

    Howard Levine???

    I agree with JP Morgan, it's hard to envision him (Howard Levine) leaving an operation where he can make decisions without intervention, and receive a very nice compensation ($5-$7 million per year). However, everybody has a price; what’s his price???
    Anybody have an opinion; or will he say no to this offer, and maybe put together his own group and take FDO private?

    Sam

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    • He is legally obligated to do what is best for the shareholders. With a firm cash offer on the table, any action that doesn't clear $60/share for the shareholders would open the Board to lawsuits. He is between a rock and a hard place. They couldn't take it private for less than $60 - or lawsuits and justifiably so. My guess is they will try to get a few more bucks (maybe $65) and work out some type of deal where the current management stays on - which makes perfect sense.

    • why wouldnt Howard, who controls hundreds of millions in FDO shares, join with his billionaire father Leon Levine,the FDO founder, take FDO private-and never,ever worry about Wall Street again?
      If they get rid of Peltz it may be just a matter of time before they have to fend someone else off too? So just take it private this first time and be done with it...just MHO..

 
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