Comment on Family Dollar opposes Dollar General overture

Family Dollar opposes Dollar General overture

MATTHEWS, N.C. (AP) — Family Dollar has told shareholders to reject an unsolicited, $9.1 billion takeover bid from its rival, Dollar General. After repeated rejections by Family Dollar, Dollar General went hostile with its bid last week and took the same offer, $80 per share, directly to investors in Family Dollar. Family Dollar has backed the bid, saying regulators are less likely to interfere over antitrust concerns.

 

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