Tag Archives: Rick Dreiling

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 General Enhances Proposal to Acquire Family Dollar

Dollar General

GOODLETTSVILLE, Tenn.–Dollar General Corporation today announced that it has sent an enhanced acquisition proposal to Family Dollar Stores, Inc. Under the terms of the revised proposal, Dollar General would increase its proposal for all outstanding shares of Family Dollar to about $9.1 billion. Dollar General also increased the number of stores that it would beMore »

Last updated: September 2, 2014

Dueling Dollars

H09-FamilyDollar3_R1

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

Dollar General Q2 Net Rises 2.4 Percent as Company Continues Family Dollar Pursuit

Dollar General

GOODLETTSVILLE, Tenn.-Dollar General posted second-quarter net income of $251.3 million, up 2.4 percent from the second quarter of last year, as the retailer remains steadfast in its effort to acquire dollar-store rival Family Dollar. In its statement about the quarter, which ended on Aug. 1, Rick Dreiling, its chairman and CEO, said Dollar General isMore »

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

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