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.



Family Dollar agreed to sell its outstanding shares to Dollar Tree for $74.50 per share, or about $8.5 billiion, in August. The retailer has rejected a higher offer of $80 per share, or about $9.1 billion, from Dollar General, citing concerns about SEC approval of the deal. Dollar General has extended a hostile buyout offer of $80 per share to Family Dollar shareholders until Oct. 31.