Tag Archives: Dollar General

Family Dollar Board to Shareholders: Don’t Go for Dollar General Offer

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MATTHEWS, N.C.-The Family Dollar board of directors has recommended that the retailer’s shareholders reject Dollar General’s latest bid to acquire its dollar-store rival. Last week, Dollar General took its all-cash offer of $9.1 billion, which had been rejected by the Family Dollar board, directly to the shareholders. In a statement issued this morning by FamilyMore »

Last updated: September 17, 2014

Dollar General Gets “Hostile” in Family Dollar Takeover Bid

Dollar General

GOODLETTSVILLE, Tenn.-Having failed to get approval from the Family Dollar board, Dollar General has taken its $9.1 billion offer to acquire its dollar-store rival directly to the company’s shareholders (commonly referred to as a “hostile takeover bid”). The offer is essentially the same as the one turned down by the Family Dollar board last week.More »

Last updated: September 10, 2014

Dollar General: We’re Still In It for Family Dollar

Dollar General

GOODLETTSVILLE, Tenn.-After once again being rejected by Family Dollar’s board in its ongoing effort to acquire its rival, Dollar General said on Friday that it “remains committed to acquiring Family Dollar, and is currently evaluating its next steps.” Dollar General said this in a brief statement after Family Dollar announced that its board turned downMore »

Last updated: September 8, 2014

Dueling Dollars

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Family Dollar chooses to merge with Dollar Tree over Dollar General By David Gill And the apparent winner of the Family Dollar sweepstakes is … Dollar Tree. With bids to be acquired from both Dollar Tree and Dollar General, Family Dollar opted to stick with an earlier offer made by Dollar Tree. This offer involvedMore »

Last updated: August 28, 2014

Great Expectations

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Pity the home furnishings industry exec on a long summer vacation—he or she will return to work with a whole new landscape of retail leaders. For those keeping score at home (along with the imaginary, anachronistic exec who could actually take vacation all summer), here’s a brief rundown on the recent CEO shuffle: Target namedMore »

Last updated: August 28, 2014

Dollar General Q2 Net Rises 2.4 Percent as Company Continues Family Dollar Pursuit

Dollar General

GOODLETTSVILLE, Tenn.-Dollar General posted second-quarter net income of $251.3 million, up 2.4 percent from the second quarter of last year, as the retailer remains steadfast in its effort to acquire dollar-store rival Family Dollar. In its statement about the quarter, which ended on Aug. 1, Rick Dreiling, its chairman and CEO, said Dollar General isMore »

Last updated: August 28, 2014

Blog: Levine’s Dilemma

Howard Levine

Howard Levine, chairman and CEO of Family Dollar, apparently had a choice to make last week. Under Family Dollar’s agreement to be acquired by Dollar Tree, Levine would stay on as head of Family Dollar, reporting to Dollar Tree’s CEO, Bob Sasser. If Dollar General won the bidding for its dollar-store rival, Rick Dreiling, itsMore »

Last updated: August 26, 2014

Dollar General to Family Dollar: It’s Not Over

Dollar General

GOODLETTSVILLE, Tenn.-Responding to the rejection of its offer for Family Dollar, Dollar General said it would continue to pursue an acquisition of its dollar-store rival. Yesterday, Family Dollar said its board had turned down Dollar General’s proposal, which amounted to about $9.7 billion in an all-cash deal. The company also said the board had alsoMore »

Last updated: August 22, 2014