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 afd68724219c446ea672c8ae3513a79e
Top Classifieds
  • Reg. Lab pups. $200. 2706236078 Details
  • PILLOW TOPmattress sets NEW in pl ... Details
  • Details
  • FAIRHURST BUILDING Professional Offic ... Details
  • USED MOBILE HOMES. All Sizes $20K Cas ... Details
  • SEEING is believing! Don't b ... Details

Most Popular
  1. McCracken and Ballard courts could combine under redistricting plan
  2. At least nine killed in fire at warehouse
  3. Baptist finishing new NICU
  1. Juvenile faces multiple charges following police chase
  2. McCracken and Ballard courts could combine under redistricting plan
  3. At least nine killed in fire at warehouse
  1. McCracken and Ballard courts could combine under redistricting plan
  2. Healthy Kentucky may lead a new smoke-free campaign
  3. At least nine killed in fire at warehouse
Discussion

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