CNBC's David Faber reports Family Dollar has rejected Dollar General's $78.50 per share bid over antitrust concerns. Family Dollar director and Trian Fund Management co-founder Ed Garden, shared his response.
Family Dollar Stores said on Thursday its board unanimously rejected Dollar General's buyout offer due to antitrust considerations.
Dollar Tree reported a 2.6 percent fall in quarterly profit as costs increased.
Billionaire investor Carl Icahn revealed he owns an 8.5 percent stake in Hertz and plans to pressure the rental car company's management.
Family Dollar wouldn't have been acquired without his prodding, activist investor Carl Icahn says.
Icahn Enterprises Chairman Carl Icahn, discusses the bidding war for Family Dollar, and Chief Executive Howard Levine's handling of the takeover bids. "This wasn't going to happen at this company if we hadn't appeared," he says.
Dollar General made a competing bid for Family Dollar on Monday trumping the offer by Dollar Tree. Icahn Enterprises Chairman Carl Icahn, says he had a friendly dinner with Family Dollar Chief Executive Howard Levine and some of his board, in which the company claimed Icahn is to blame Dollar General wasn't interested.
Stocks rose on Monday as Ukraine and Russia talked about a potential truce and a round of M&A bolstered sentiment.
Dollar General has officially offered to buy Family Dollar weeks after Dollar Tree made its surprise bid. CNBC's Courtney Reagan has all the details.
After the dollar store bids, CNBC's Dominic Chu looks at where other retail consolidation might be brewing.
Dollar General has officially offered to buy Family Dollar. CNBC's Courtney Reagan reports this deal is far from over.
Dollar General is making a competing bid of about $9.7 billion for Family Dollar Stores.
CNBC's David Faber provides insight on Dollar General's bid for Family Dollar. Faber explains why he expects the deal to be rejected by Family Dollar at first.
U.S. stock index futures pointed to a higher open on Monday, tracking gains in Europe and recovering from losses witnessed on Friday.
Some of the names on the move ahead of the open.
Dollar General is making a bid to buy Family Dollar for about $9.7 billion. Joe Feldman, Telsey Advisory Group, discusses the likelihood of whether Dollar Tree could come back with a counter bid.
CNBC's Andrew Ross Sorkin reports Dollar General is making a bid to buy Family Dollar for about $9.7 billion. The combined company would have 20,000 stores.
The "Squawk on the Street" crew discuss the proxy from Family Dollar which reveals more information about the merger talks with Dollar Tree and Dollar General.
Some of Tuesday's midday movers:
Dollar General is mulling a bid for Family Dollar, which would challenge Dollar Tree's $8.5 billion takeover, Bloomberg reported.