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 Ups Takeover Offer, Threatens Hostile Bid
In a letter to Family Dollar’s board of directors, Goodlettsville-based Dollar General has increased its $10 billion bid by roughly two percent after being rejected in favor of a smaller offer from Dollar Tree.
Family Dollar Stiffarms Dollar General $9.7B Buyout Bid
Family Dollar is citing anti trust concerns for its rejection.
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