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Dollar General goes hostile in bid for Family Dollar
Dollar General goes hostile in bid for Family Dollar

Dollar General Corp. is going hostile with its $9.1-billion bid for Family Dollar Stores Inc. after its rival repeatedly rejected previous offers. The discount chain has commenced an open offering to Family Dollar shareholders for $80 per share in cash. That offer was rejected last week by Family Dollar's board, which has already accepted a deal with another discounter, Dollar Tree Inc. Family Dollar, based in Matthews, N.C., has voiced concerns about Dollar General's deal passing antitrust review. In response, Dollar General has said that it is willing to divest as many as 1,500 stores if the Federal Trade Commission requires it. The company also is offering to pay a...

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