Dollar General silent on Buck offer

GOODLETTSVILLE, Tenn. Dollar General announced last week that its board of directors had unanimously confirmed a decision to express no opinion and remain neutral toward the offer by Buck Acquisition Corp. on June 4 to purchase any and all of Dollar General's outstanding 8 5/8% notes due 2010 and the related consent solicitation.

According to Dollar General, its board of directors believes that each noteholder should make its decision as to whether to tender on an individual rather than a collective basis, based on that noteholder's particular circumstances. The company further indicated that its board believes the determination whether to tender is a financial decision to be made by each noteholder, in consultation with the noteholder's financial advisor, based on the terms of the offer and the cash price being offered by Buck Acquisition Corp. For these reasons, the company believes that it is not appropriate for it to make a recommendation to noteholders regarding the tender of their notes and, as indicated in the offering documents, expresses no opinion as to the course of action that noteholders should take.