Tag Archives: Dollar General

Family Dollar Shareholder Pushes for Dollar General

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NEW YORK-Elliott Advisors, a holder of 4.9 percent of Family Dollar’s (NYSE: FDO) outstanding shares, has opened the door for more consideration of the offer by Dollar General (NYSE: DG) to acquire its dollar-store rival. In a letter to the Family Dollar board signed by Mark Levine, senior portfolio manager for Elliott Advisors, the companyMore »

Last updated: October 20, 2014

Family Dollar Net Tumbles for Q4, FY

Family Dollar

MATTHEWS, N.C.-With the drama regarding whether Dollar General or Dollar Tree will wind up owning the company, Family Dollar reported steep declines in its net income for both the fourth quarter and fiscal year ending on Aug. 30. Net income for the quarter plummeted by 66.3 percent to $34.5 million, bringing net income for theMore »

Last updated: October 10, 2014

Dollar General Extends Deadline for Family Dollar Offer

Dollar General

GOODLETTSVILLE, Tenn.-Dollar General has moved the deadline for its $80-per-share offer for Family Dollar to 5 p.m. EST, on Oct. 31. The offer was originally set to expire on Oct. 8 at 5 p.m. EST. As of Sept. 30, 5 p.m. EST, 126,499 of the approximately 114 million outstanding Family Dollar shares (as of theMore »

Last updated: October 2, 2014

Family Dollar: States Looking Into Dollar General Proposal

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MATTHEWS, N.C.-A number of state attorneys general are investigating Dollar General’s bid to acquire Family Dollar, according to a filing by Family Dollar with the U.S. Securities and Exchange Commission. The filing consists of a number of amendments to an earlier SEC filing made by Family Dollar related to Dollar General’s offer to purchase allMore »

Last updated: September 30, 2014

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