Comment on Dollar General Extends Deadline For Family Dollar Offer, Hopes Shareholders Finally Give In To Advances

Dollar General Extends Deadline For Family Dollar Offer, Hopes Shareholders Finally Give In To Advances

(Mark Clifton)The drama that is the dollar store wars doesn’t appear to be ending anytime soon, with Dollar General extending the life of its latest deal to buy Family Dollar out from under Dollar Tree. Reuters reports that Dollar General extended its tender offer for shares of Family Dollar to December 31 in order to keep the deal viable until a shareholders meeting. As of October 30, the day before the original deal was set to expire, Dollar General had only received offers for about 4 million Family Dollar shares of the total 114 million shares currently outstanding. Industry analysts tell Reuters that Dollar General’s decision to extend the offer deadline was made in order to give Family Dollar shareholders time to make a decision after a mid-December meeting. The No.

 

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