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Dollar Tree

  • Family Dollar sets Oct. 30 date for Dollar Tree vote

    Matthews, N.C. -- Family Dollar Stores Inc. has set Oct. 30., 2014 as the date for stockholders to vote on a proposed merger agreement with Dollar Tree Inc. Family Dollar has not yet set the time or location of the vote.  

  • Decreased customer traffic affects Family Dollar’s Q4

    Family Dollar’s fourth-quarter results were affected by decreased customer traffic, prompting chairman and CEO Howard R. Levine to point out that the company is still in the early stages of its turnaround plan.

  • Dollar General extends tender offer by three weeks for Family Dollar

    Goodlettsville, Tenn. - Dollar General Corporation has extended its tender offer to acquire all outstanding shares of Family Dollar Stores Inc. for $80 per share, or about $9.1 billion, to Oct. 31. The offer was previously set to expire on Oct. 8. All other terms and conditions of the tender offer remain unchanged.

    The step, which is largely procedural step, came as Family Dollar remained committed to its previously- agreed-upon deal with Dollar Tree for $74.50 a share.

  • Family Dollar rejects Dollar General’s tender offer

    Matthews, N.C. -- The heated battle for Family Dollar Stores rages on, with Family Dollar on Wednesday rejecting a $9.1 billion takeover bid from rival Dollar General and reaffirming its support of its deal with Dollar Tree. Family Dollar also urged shareholders not to tender their shares to the competing chain.

  • Dollar General makes hostile bid for Family Dollar

    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.
     

  • Dollar General appeals directly to rival’s shareholders

    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    The company’s all-cash offer of $80 per share beats Dollar Tree’s offer of $74.50 per share cash/stock offer originally made July 28.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.

  • Dollar Tree, Family Dollar Stores get second information request from FTC

    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.

  • Family Dollar rejects upped bid from Dollar General; sticking with Dollar Tree

    Matthews, N.C. — Family Dollar Stores on Friday rejected the sweetened, $9.1 billion take-over bid made by Dollar General on Sept.

  • Family Dollar rejects Dollar General merger proposal

    Family Dollar has rejected the revised proposal made by Dollar General on Sept. 2 on the basis of antitrust regulatory considerations. The Dollar General offer may be financially superior, the dollar store operator noted, but it's not likely to pass muster with the Federal Trade Commission.
     

  • Dollar Tree to divest as many stores as required for antitrust approval

    Dollar Tree and Family Dollar have amended their merger agreement to include a commitment by Dollar Tree to divest as many stores as necessary or advisable to obtain antitrust clearance for the previously announced cash and stock transaction.

    All other terms and conditions of the merger agreement remain the same as announced on July 28, 2014. The two companies also said that their expectations for a closing date for the transaction have accelerated to as early as the end of November 2014.

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