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Dollar General Corp.

  • Dollar General still fighting for Family Dollar

    GOODLETTSVILLE, Tenn. — Dollar General is still fighting to acquire Family Dollar, the retailer stated on Thursday, noting that it is in ongoing discussions with the Federal Trade Commission. "The FTC has reached no final conclusion regarding the number of divestitures that would be required by a Dollar General/Family Dollar combination," Dollar General stated. "Dollar General has also had discussions with various potential buyers who have expressed interest in acquiring stores that may be required to be divested."
  • Family Dollar reaches out to investors as buyout vote looms

    Matthews, N.C. -- Family Dollar is urging its shareholders to support a buyout offer from rival discounter Dollar Tree with less than two weeks remaining before a vote on the pending deal.  Family Dollar shareholders are scheduled to vote Jan. 22. on whether to accept the Dollar Tree offer.

  • Family Dollar urges investors to approve deal

    Family Dollar is urging its shareholders to support a buyout offer from rival discounter Dollar Tree with less than two weeks remaining before a vote on the pending deal.

    Family Dollar shareholders are scheduled to vote Jan. 22. on whether to accept the Dollar Tree offer.

    Family Dollar has rejected numerous approaches from Dollar General, the latest worth $9.1 billion in cash, in favor of an $8.5 billion cash-and-stock offer from Dollar Tree. It has cited risks that the Dollar General deal would be blocked because of anti-monopoly rules.

  • Report: 20 states join Family Dollar probe

    Reuters is reporting a new complicating factor in the ongoing saga of efforts by Dollar Tree and Dollar General to buy Family Dollar.

    Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp. and Dollar Tree Inc. to buy Family Dollar Stores Inc., a development that potentially complicates the companies' efforts to win U.S. approval for a deal.

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  • Family Dollar delays vote on Dollar Tree; good news for Dollar General

    New York City - In not-unexpected news, Family Dollar has delayed its shareholder vote on a potential acquisition by Dollar Tree; the vote is now slated for Jan. 22, and analysts say this could bode well for a potential deal with industry giant Dollar General.   Family Dollar convened as planned on Tuesday and, based on insufficient votes, subsequently adjourned its Special Meeting of Stockholders on the proposed transaction with Dollar Tree.  
  • Family Dollar delays vote on Dollar Tree bid

    Family Dollar delayed a shareholder vote on a potential acquisition by Dollar Tree until Jan. 22 in a move that allows more time to contemplate a rival bid from Dollar General.

    Family Dollar convened as planned on Tuesday and, based on insufficient votes, subsequently adjourned its Special Meeting of Stockholders on the proposed transaction with Dollar Tree.

  • Judge clears way for Tuesday vote by Family Dollar shareholders

    New York - A Delaware judge has denied a request  to block Tuesday's vote by Family Dollar Stores on a  $8.5 billion take-over bid by Dollar Tree,  saying dissident shareholders "failed to demonstrate a reasonable probability of success on any of their claims."   A shareholder lawsuit had requested a preliminary injunction against the vote until Family Dollar “properly engaged” in talks  with rival Dollar General to “achieve a value-maximizing transaction.”  
  • Dollar General remains engaged with FTC

    Goodlettsville, Tenn. – Dollar General Corp. stated on Dec. 19 that it remains actively engaged in discussions with the Federal Trade Commission (FTC) regarding the extent of potential divestitures that would be required in connection with an acquisition of Family Dollar Stores Inc. Dollar General does not expect to provide any further update prior to the Family Dollar shareholders meeting currently scheduled for Dec. 23, 2014.   
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