Tag Archives: Family Dollar

Family Dollar Opts for Dollar Tree over Dollar General

Family Dollar

MATTHEWS, N.C.-Family Dollar shareholders have overwhelmingly approved the company’s proposed merger with Dollar Tree, turning down Dollar General’s proposal to acquire its rival in a special Family Dollar shareholder vote held today. Based on a preliminary count of the votes cast, the vote in favor of the Dollar Tree deal represented 89 percent of theMore »

Last updated: January 22, 2015

Sasser: Dollar Tree at “the End of Our Patience” with Family Dollar

Bob Sasser

CHESAPEAKE, Va.-Dollar Tree will not agree to any more adjournments of Family Dollar’s shareholders vote on its proposed merger with the dollar-store retailer, and has “reached the end of our patience,” according to a letter sent by Bob Sasser, Dollar Tree’s CEO, to Howard Levine, chairman, president and CEO of Family Dollar. In the letter,More »

Last updated: January 14, 2015

Levine Pumps Dollar Tree Offer to Family Dollar Shareholders

Howard Levine

MATTHEWS, N.C.-Howard Levine, Family Dollar’s chairman, president and CEO, has written a letter to the retailer’s shareholders urging them to back Dollar Tree’s merger offer when the shareholders hold their vote for the offer on Jan. 22. In the letter, Levine cited “feedback” from the U.S. Federal Trade Commission, which has been reviewing the antitrustMore »

Last updated: January 12, 2015

Family Dollar Net Tumbles in Q1

H09-FamilyDollar3_R1

MATTHEWS, N.C.-With its expenses rising and margins under pressure, Family Dollar reported a 47 percent drop in first-quarter net income, to $41.4 million. Selling, general and administrative expenses rose 5 percent in dollars and 79 basis points as a percentage of sales, to 30.3 percent. Higher occupancy costs—including rent, depreciation, property taxes and utilities—added toMore »

Last updated: January 8, 2015

Dollar General, Dollar Tree Spar Over Family Dollar

Family Dollar

GOODLETTSVILLE, Tenn., and CHESAPEAKE, Va.-Dollar Tree (NASDAQ: DLTR) and Dollar General (NYSE: DG) issued statements this morning clashing over their proposed deals to acquire Family Dollar (NYSE: FDO). Dollar Tree’s statement said the U.S. Federal Trade Commission, which has been investigating the antitrust concerns of both proposed acquisitions, may require Dollar General to divest “farMore »

Last updated: December 5, 2014

Dollar General Net Ebbs Slightly in Q3, Still Pursuing Family Dollar

Dollar General

GOODLETTSVILLE, Tenn.-As the company reaffirmed its commitment to its proposed acquisition of Family Dollar, Dollar General reported third-quarter net income of $236.3 million, down 0.4 percent from last year’s third quarter. In the company’s statement on the third quarter, Chairman and CEO Rick Dreiling said Dollar General remains “committed to acquiring Family Dollar. We expectMore »

Last updated: December 4, 2014

Dollar Tree Q3 Net Rises 6.1 Percent

Dollar Tree

CHESAPEAKE, Va.-As the drama continues surrounding the acquisition of Family Dollar by either Dollar General or Dollar Tree, the latter reported a gain of 6.1 percent in its third-quarter net income, which came to $133 million. Net sales in the quarter, which ended on Nov. 1, reached $2.1 billion, up 11.2 percent from last year’sMore »

Last updated: November 20, 2014