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Dollar General Takes Buyout Offer Directly To Family Dollar Shareholders

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Dollar General has not said whether Family Dollar locations would be rebranded under a buyout. Credit: Dustin Peck Photography via Family Dollar

Dollar General has not said whether Family Dollar locations would be rebranded under a buyout. Credit: Dustin Peck Photography via Family Dollar

A bidding war over the Family Dollar discount chain has officially turned hostile. After being twice rejected, Goodlettsville-based Dollar General is taking its offer directly to Family Dollar shareholders.

Dollar General had already threatened to make an end run around Family Dollar’s board of directors. And now CEO Rick Dreiling says in a statement that he’s giving shareholders “a voice in the process.” He’s urging them to take his roughly $10 billion cash offer, saying it would provide “certain liquidity” compared to a smaller deal struck with Dollar Tree.

Family Dollar’s board has expressed concerns that a deal with Dollar General would run into too many anti-trust issues. The combined company would have nearly 20,000 stores in almost every state.

Filed Under: WPLN News Tagged With: ,

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Blake Farmer, Host, This Is Nashville

Blake Farmer is the host of “This Is Nashville,” the flagship weekday show of Nashville Public Radio. Previously, Blake spent 16 years at WPLN News, serving as host, editor and news director. Before a two-year radio hiatus with a Nashville-based healthcare company, Blake was one of the country’s most prolific healthcare audio journalists. He produced stories for both local and national programs, extending the reach of his reporting through a partnership with KFF Health News. Outside of work, Blake can be found running or biking on roads that other Nashvillians consider too busy for such activities. So far, he has always made it home to his wife of 20 years and two children.

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