Tag Archives: Howard Levine

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

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: 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

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

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 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