Dollar General took its $9.1 billion offer for Family Dollar Stores hostile, directly approaching the shareholders of its smaller rival.» Read More
MATTHEWS, N.C.— Family Dollar has told shareholders to reject an unsolicited, $9.1 billion takeover bid from its rival, Dollar General. Family Dollar is currently trying to arrange a sale to another bargain chain, Dollar Tree Inc..
BOSTON, Sept 11- Some Dollar Tree Inc investors are crossing their fingers the company doesn't succeed in its $8.5 billion takeover of Family Dollar Stores Inc, saying it could expand and repurchase stock with the $305 million breakup fee while avoiding all the risk of a major acquisition.
Regional airlines not sharing in majors' success. DALLAS— For passengers traveling between smaller cities and large hub airports, the ticket may say Delta, American or United, but they're likely flying on a regional airline whose planes are painted in the major carrier's colors.
Sept 10- Dollar General Corp took its $9.1 billion offer for Family Dollar Stores Inc hostile, directly approaching the shareholders of its smaller rival after being spurned twice by the company.
Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers. The discount chain has commenced an open offering to investors of Family Dollar Stores Inc. for $80 per share in cash.
NEW YORK— Dollar Tree Inc. said Tuesday that it has received a request from the Federal Trade Commission for more information about its proposed takeover of Family Dollar Stores Inc.. Dollar Tree, based in Chesapeake, Virginia, offered to buy Family Dollar for about $8.5 billion in July.
WASHINGTON— A surprising drop in hiring and in the number of people seeking work in August sent a reminder that the U.S. economic recovery is still prone to temporary slowdowns. Analysts took Friday's Labor Department report in stride. NEW YORK— Americans' obsession with jeans is beginning to wear thin.
Sept 5- Family Dollar Stores Inc rejected Dollar General Corp's sweetened takeover bid, saying the offer still did not address antitrust concerns, raising the prospect that the No. 1 U.S. deep discount chain will go "hostile" with its offer.
Sept 5- Family Dollar Stores Inc rejected Dollar General Corp's $9.1 billion sweetened takeover offer, saying the offer did not address antitrust concerns and was unlikely to be approved.
CHESAPEAKE, Va.— Family Dollar is rejecting Dollar General's latest acquisition offer, and Dollar Tree says it will now divest as many stores as needed to get antitrust clearance for its deal to buy Family Dollar.
Sept 5- Family Dollar Stores Inc rejected Dollar General Corp's $9.1 billion sweetened takeover offer, saying it was not reasonably likely to be completed on the terms proposed.
NEW YORK, Sept 5- Dollar General Corp's sweetened $9.1 billion proposal to buy Family Dollar Stores Inc may fall short of allaying its smaller rival's fears U.S. antitrust regulators will block the deal, according to two sources familiar with the matter.
CHARLOTTE, N.C.— As the Family Dollar board of directors weighs competing offers to buy the North Carolina- based retail chain, one of its members— state Commerce Secretary Sharon Decker— finds herself in a potentially uneasy position. A Family Dollar sale might send its headquarters out of North Carolina and put at risk 1,400 corporate jobs.
NEW YORK, Sept 3- Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc, making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday. Dollar Tree Inc agreed in July to buy Family Dollar for $8.5 billion.
Sept 2- Dollar General Corp raised its bid for Family Dollar Stores Inc to $80 per share, or $9.1 billion, and warned it may turn hostile and appeal directly to shareholders if the new offer was rejected.
Some of the names on the move ahead of the open.
Sept 2- Dollar General Corp raised its bid for Family Dollar Stores Inc by 2 percent to $80 per share, or $9.1 billion, and warned it may turn hostile and appeal directly to shareholders if the new offer was rejected.
Sept 2- Dollar General Corp, the No.1 U.S. deep discount retailer, said it raised its bid for Family Dollar Stores Inc to $80 per share, or $9.1 billion, from $78.50 per share. Dollar General said last week it remained committed to acquiring Family Dollar, after the target rejected the previous offer, saying the deal could run foul of competition law.
Chief Executive Rick Dreiling said Dollar General would not relinquish its pursuit of Family Dollar Stores Inc, even though the No. 1 U.S. deep-discount retailer's bid was rejected in favor of a smaller offer from Dollar Tree Inc.. Dollar General's shares rose 1.8 percent, Family Dollar's were marginally higher and Dollar Tree's were up 1 percent.
Aug 28- Dollar General Corp said it remained committed to acquiring rival Family Dollar Stores Inc, pointing to a prolonged battle for dominance of the deep discount retail sector in the United States.