Welcome

Thank you for visiting paducahsun.com, the online home of The Paducah Sun.

Calendar
June 2012
S M T W T F S
27 28 29 30 31 01 02

Click here to submit an event.

Family Dollar rejects Dollar General offer

Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators. Family Dollar's board said it supports its existing deal to be acquired by Dollar Tree.

Family Dollar Stores Inc. Chairman and CEO Howard Levine said in a statement Thursday that its board and advisers reviewed Dollar General Corp.'s offer and determined it wasn't reasonably likely to be completed on the terms proposed.

Dollar General Chairman and CEO Rick Dreiling said in a statement that the company was disappointed in Family Dollar's decision, and that it had done an extensive antitrust analysis that confirmed its proposal could be completed. Dollar General said it was willing to share its analysis with Family Dollar and that it was still confident it could resolve any regulatory concerns about competition.

Dollar General said is reviewing its options and still believes its offer is better than the Dollar Tree deal.

The businesses of Family Dollar and Dollar General are more similar than Dollar Tree's.

Comments made about this article - 0 Total

Comment on this article

Your comment has been submitted for approval
captcha 5244184eb5d24298bcc8387fe3d8157c
Top Classifieds
  • AKC Shih-Tzu Vet checked, $600 731-3 ... Details
  • PILLOW TOPmattress sets NEW in plasti ... Details
  • Museum Quality Ornate Antique Furnitu ... Details
  • Bedroom Suites New in Boxes. 6pc. che ... Details
  • Cash for Farms (270)339-8680 Details
  • PC Repair $35.00270-519-4956270-559-7 ... Details
  • 127 Acres Lyon CountyLake Barkley- De ... Details
  • SEEING is believing! Don't b ... Details
  • FHA, USDA, VA & Conventional Loan ... Details
  • 375 Acre Farm in Ballard County D ... Details
  • 1900 Broadway1500 - 6600 sq. ft. offi ... Details
  • Owner Financing, new 3000sq ft,in Mar ... Details
  • 5 Broiler Houses80 acres irrigated pa ... Details
  • Jaguar XJS-1989 $2,500/ Best Offer Go ... Details
  • 00 TOYOTA AVALON XLS -(270) 994-8031 Details

Most Popular
  1. Rescuers find signs of life in quake rubble
  2. Pajama pants are now allowed by one high school's dress code
  3. 600 pounds of chocolate to be ready for Valentine's Day
  1. Pajama pants are now allowed by one high school's dress code
  2. McCracken District Court
  3. Kentucky Avenue project still without a finish date
  1. Kentucky Avenue project still without a finish date
  2. Rubio and Cruz hotly criticized in GOP debate
  3. Rescuers find signs of life in quake rubble
Discussion

Check out these recently discussed stories and voice your opinion...