Dollar General Corp. increased its offer for smaller rival Family Dollar Stores Inc., trying to derail a deal with another discounter.
The nation’s largest deep discounter said Tuesday that it offered $9.1 billion in cash, or $80 per share, for Family Dollar. That’s up from Dollar General's original $8.9 billion bid.
Family Dollar, based in Matthews, N.C., rejected that offer last month, instead sticking with a less-lucrative $8.5 billion cash and stock deal with Dollar Tree Inc.
Family Dollar cited antitrust concerns for jettisoning Dollar General’s bid.
To ease those fears, Dollar General said Tuesday it would unload up to 1,500 stores if the...