Tag Archives: Family Dollar

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

Family Dollar to Go with Dollar Tree, Turns Down Dollar General

Family Dollar

MATTHEWS, N.C.-Citing antitrust issues, Family Dollar’s board of directors has unanimously rejected Dollar General’s bid to acquire its dollar-store rival, three days after Dollar General made the proposal. On Aug. 18, Dollar General announced its all-cash bid of about $9.7 billion to purchase Family Dollar. In today’s statement, the Family Dollar board unanimously reaffirmed itsMore »

Last updated: August 21, 2014

Dollar General Bids for Family Dollar

Dollar General

GOODLETTSVILLE, Tenn.-A little more than three weeks after Dollar Tree apparently cut a deal to acquire Family Dollar, Dollar General has made its own proposal to purchase its rival dollar-store chain. Dollar General’s bid, which was delivered this morning in a letter to Family Dollar’s board of directors, is for $78.50 a share in cash,More »

Last updated: August 18, 2014

Dollar Tree to Acquire Family Dollar

Dollar Tree

CHESAPEAKE, Va.-In a cash-and-stock deal, Dollar Tree has reached an agreement to purchase Family Dollar for about $8.5 billion, or about $74.50 per share. The transaction, which is slated to close in early 2015, will create a retailer of more than 13,000 stores in 48 states and five Canadian provinces. Annual sales for the combinedMore »

Last updated: July 28, 2014

Family Dollar Net Plummets in Q3

Family Dollar

MATTHEWS, N.C.-Family Dollar posted a third-quarter drop of 32.9 percent, to $81.1 million, as its chairman and CEO, Howard Levine, proclaimed that the company’s restructuring initiatives are on track. In the company’s statement on its results for the quarter, which ended on May 31, Levine said its move to permanently lower its prices is “resonatingMore »

Last updated: July 10, 2014

Icahn Pushes for Family Dollar Sale

Carl Icahn

NEW YORK-Activist investor Carl Icahn has called for an immediate sale of Family Dollar in a letter to Howard Levine, chairman, president and CEO of the dollar-store retailer, which was included in a filing with the United States Securities and Exchange Commission. Earlier this month, Icahn purchased about 9.4 percent of Family Dollar’s stock throughMore »

Last updated: June 20, 2014

Thomas Upped to Head Family Dollar Merchandise Operations

Jeffrey Thomas

MATTHEWS, N.C.-Family Dollar has promoted Jeffrey Thomas to senior vice president of merchandise operations. The move puts Thomas, who was previously vice president of merchant services, in charge of merchandise planning, space planning, merchant services and pricing/analytics. He reports to Jason Reiser, executive vice president and chief merchandising officer, and has succeeded Scott Zucker, whoMore »

Last updated: June 19, 2014