Legislative, Regulatory & Legal

Arlington, Va. - Nicholas Ahrens will join the Retail Industry Leaders Association (RILA) as VP of privacy and cyber security. Joining the association from the Office of the General Counsel at the U.S. Department of Commerce, Ahrens will lead RILA’s privacy and data security agenda and serve as the lead advocate to the government on cyber security, privacy, data security and related issues.

CVS Health has named Mary Langowski EVP for strategy, policy and market development, effective Oct. 14.

Langowski will join CVS Health from international law firm DLA Piper where she serves as the chair of the Health Care Policy and Regulatory Practice and the co-chair of the Food and Beverage Sector.

Since Family Dollar’s board of directors unanimously rejected Dollar General’s second and sweetened tender offer from Sept. 2, Dollar General has decided to make the tender offer directly to the company’s shareholders.

The company’s all-cash offer of $80 per share beats Dollar Tree’s offer of $74.50 per share cash/stock offer originally made July 28. The Family Dollar board has rejected both Dollar General’s offers on the basis of antitrust regulatory considerations.

Goodlettsville, Tenn. – Dollar General Corp. is upping the ante in its $9.1 billion bid to purchase Family Dollar Inc. by making a hostile takeover offer to Family Dollar stockholders of $80 per share. This offer beats the $74.50 per share, $8.5 billion offer Family Dollar has accepted from Dollar Tree Inc, and is a 32% premium over the closing price of $60.66 for Family Dollar stock on Sept. 9.
 

Atlanta – The attorneys general of California, Connecticut and Illinois are reportedly leading a multi-state investigation into the recent data breach at The Home Depot Inc. According to Reuters, the attorneys general of New York and Iowa will also take part in the effort.  

Arlington, Va. – Cooperation among all public- and private-sector stakeholders in the retail industry is needed to ensure cyber security in the face of high-profile retail hacking attacks like the one recently uncovered at Home Depot, according to the Retail Industry Leaders Association (RILA). Sandy Kennedy, president of RILA, released a public statement on the importance of continuing to improve the security of debit and credit cards.

Chesapeake, Va. -- Dollar Tree Inc. and Family Dollar Stores Inc. announced, as expected, they have received a second request for information from the U.S. Federal Trade Commission in connection with Dollar Tree's pending $8.5 billion deal to acquire Family Dollar.

New York -- Panera Bread would like its customers to leave their guns at home. The bakery-cafe chain joined a handful of other high-profile retailers, including Starbucks, Chipotle, and Target, to make the request.