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.
Dollar General Enters Bidding War For Family Dollar
According to a news release from the company, Dollar General has made a $9.7 billion all-cash counter-bid, which tops the cash and stock offer made by Dollar Tree three weeks ago.
Dollar General to Sell Tobacco Products
“Where’s the cigarettes?” Dollar General CEO Rick Dreiling says that’s the number one question he gets from customers and managers when he visits stores.
Dollar General Expands Into California As Sales Climb
Dollar General is on track to open 50 stores in California by year’s end. Company executives think the nation’s most populous state could help the retailer continue its run of record-setting sales figures.
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