READERS' CHOICE

Time to vote! Click on any ad to access categories and vote for your favorite businesses to be the Readers' Choice selections.

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 c16c36f89ca643e78fba521ae52b934c
Top Classifieds
  • Bedroom Suites New in Boxes. 6pc. sle ... Details
  • PILLOW TOPmattress sets NEW in pl ... Details
  • SAWMILLS from only $4397 - MAKE & ... Details
  • 8 ft. Wheel Disk 270-851-7882 or 270 ... Details
  • Details
  • Beautifully updated 2bdr, 1.5ba condo ... Details
  • FAIRHURST BUILDING Professional Offic ... Details
  • SEEING is believing! Don't buy p ... Details
  • 3 bdrm. 3 bath, 2450 sq. ft. in Weste ... Details
  • 2010 Mercury Mariner SUV, 4 cyl., Pre ... Details

Most Popular
  1. Little demand, big deals
  2. Don and Bettie Edwards
  3. When school's out, campuses play host to summer programs
  1. Calloway's Woods wins state wrestling title
  2. Adams reflects on changes at McCracken jail
  3. Study: Surgeons rude to patients may pose problem in OR
  1. Little demand, big deals
  2. When school's out, campuses play host to summer programs
  3. LBL Advisory Board meeting set March 2
Discussion

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