Tag Archives: Family Dollar

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

Family Dollar Reschedules Shareholder Vote on Dollar Tree Merger

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MATTHEWS, N.C.-Family Dollar has moved ahead its scheduled special meeting of shareholders for the vote on the merger with Dollar Tree from Dec. 11 to Dec. 23. A company statement said the dollar-store retailer rescheduled the special meeting to allow time for the shareholders to review additional disclosures regarding Dollar Tree’s discussions with the U.S.More »

Last updated: November 19, 2014

Dollar General Moves Against Family Dollar-Dollar Tree Merger

Dollar General

GOODLETTSVILLE, Tenn.-With Family Dollar shareholders scheduled to vote on its merger with Dollar Tree on Dec. 11, Dollar General has taken action to put its offer for Family Dollar in the forefront with the latter’s shareholders. Dollar General issued a statement on Friday urging Family Dollar shareholders to reject the Dollar Tree merger, and saidMore »

Last updated: November 3, 2014

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