Dollar General raises Family Dollar bid to $9.1B

[Omaha Steve]

Source: AP-EXCITE

GOODLETTSVILLE, Tenn. (AP) — Dollar General upped its bid for the rival Family Dollar chain and addressed an earlier roadblock, saying that it will more than double the number of stores it would shed to ease the antitrust concerns of its takeover target.

The newest bid is worth $9.1 billion, or $80 per share, up from $78.50 per share in the previous offer.

Family Dollar, based in Matthews, North Carolina, rejected the earlier bid in favor of a lower offer of $8.5 billion from Dollar Tree Inc., saying that regulators were less likely to stand in the way. Family Dollar said Tuesday that it has received Dollar General's latest bid and will review it.

Dollar General, the country's largest dollar-store chain, says it would now divest as many as 1,500 stores, well above the 700 that it had originally agreed to, in order to sidestep any anti-monopoly actions that regulators might pursue.

FULL story at link.



FILE - This Tuesday, Aug. 19, 2014 photo shows the Family Dollar store in Ridgeland, Miss. Dollar General is boosting its bid for rival Family Dollar to approximately $9.1 billion and says it's now willing to more than double the number of stores it would shed to avoid trouble with regulators. Dollar General Corp. said Tuesday, Sept. 2, 2014, it will now divest 1,500 stores to steer clear of antitrust issues.(AP Photo/Rogelio V. Solis, File)



Read more: http://apnews.excite.com/article/20140902/us--dollar_general-family_dollar-03327a445b.html

[bigdarryl]

1. I love family dollar because everything they sell is a dollar

Dollar General is a joke most of there merchandise is way over a dollar

[SamKnause]

2. Seaman, Ohio

has a Family Dollar and a General Dollar that are across the street from one another.

Our Family Dollar is just like General Dollar. They sell food, clothes, toiletries, toys, shoes, housewares, cleaning products, etc.

There are very few things that cost $1.00 at either store.

There is a store called the Dollar Tree and another called the .99 Store but we do not have either of them.

[RadicalGeek]

3. I Will Confess

To shopping at a "Dollar Tree" store for things like; Laundry Detergent, Bagels, PB, etc. . .

Some of the ones in my area even have frozen foods.