Davis Polk advised Morgan Stanley & Co. Incorporated, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as joint-book running managers in connection with a public offering by Family Dollar Stores, Inc. of $300 million principal amount of fixed rate notes due 2021.

Family Dollar Stores, Inc., a Fortune 300 company, is based in Matthews, North Carolina, just outside of Charlotte and is a publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. Beginning with one store in 1959 in Charlotte, North Carolina, Family Dollar currently operates more than 6,800 stores in 44 states.

The Davis Polk team included partner Richard D. Truesdell Jr. and associates Sophia Hudson, Yue (Mark) Li, Scott Lunin and Meng Ding. Partner Michael Mollerus and associate Arie Rubenstein provided tax advice. Senior counsel Gail A. Flesher and associate Ona Oshen provided environmental advice. Jack S. Keating was the legal assistant for the transaction. All members of the Davis Polk team are based in the New York office.