Dollar General makes rival bid for Family Dollar Stores
SEAFOODNEWS.COM [New York Times] By Michael J. De La Merced - August 18, 2014 -
A bidding war is poised to erupt in the dollar-discount market.
Dollar General said on Monday that it was offering $8.9 billion to buy Family Dollar, in an effort to break up its rival’s planned merger with Dollar Tree.
Under the terms of the deal, Dollar General will pay $78.50 a share in cash. That’s significantly higher than the $74.50 a share that Dollar Tree’s original cash-and-stock bid was worth when it was announced last month.
The emergence of the unsolicited takeover bid promises a potential clash over the fate of Family Dollar, which has been under pressure from activist investors both outside and inside its boardroom.
To Read Full Story Login Below.