Dollar General Corp. (NYSE:DG)’s bid for Family Dollar Stores, Inc. (NYSE:FDO) may soon come to a finish, after the discount retailer hinted that it would need additional time for its bid to get approval from regulators. In a statement, Dollar Green noted that certifying compliance with the second request for information from the Federal Trade…
Family Dollar Stores, Inc. (FDO) Postpones Shareholder Vote For Dollar Tree, Inc. (DLTR) Acquisition Offer
What might sound a bit discomforting for the management of Family Dollar Stores, Inc. (NYSE:FDO), the shareholders of the company voted against the acquisition bid of Dollar Tree, Inc. (NASDAQ:DLTR). The company has adjourned the meeting to January 22, 2015 and majority of shareholders voted in favor of the adjournment. The financial restructuring plans of…
Family Dollar Stores, Inc. (FDO) Profit Narrows as Dollar General Corp. (DG) Pressures on With Acquisition
Family Dollar Stores, Inc. (NYSE:FDO) reported narrower net profit margin than what analysts had expected. The company reported 66% lower profit, saying that its financial performance had been significantly affected by price reduction meant to attract more shoppers. The retailer, which has been spurning an acquisition effort by Dollar General Corp. (NYSE:DG), also said that…
Dollar General Corp. (DG) Plans Tender Offer for Family Dollar Stores, Inc. (FDO)’s Shares
Nearly one month after its first acquisition proposal for Family Dollar Stores, Inc. (NYSE:FDO), Dollar General Corp. (NYSE:DG) is all set to take the route of a hostile takeover. The company will issue a tender offer with $80 share price to its shareholders, as reported by WSJ. The management of Family Dollar Stores, Inc. (NYSE:FDO)…
Dollar General Corp. (DG) Doubts the Intention of CEO of Family Dollar Stores, Inc. (FDO) Over Acquisition
In the latest string of Family Dollar Stores, Inc. (NYSE:FDO) acquisition process, Dollar General Corp. (NYSE:DG) has questioned the motives of Howard Levine, CEO of Family Dollar Stores, Inc. (NYSE:FDO). According to Dollar General Corp. (NYSE:DG), Levine is probably motivated by self-interest in Dollar Tree, Inc. (NASDAQ:DLTR)’s acquisition of the company. As mentioned by the…
Dollar General Corp. (DG) takes lead on Dollar Tree, Inc (DLTR) with a $9 billion bid for Family Dollar Stores Inc (FDO)
In a series of events associated with Family Dollar Stores Inc (NYSE:FDO)’s acquisition, Dollar General Corp. (NYSE:DG) has entered the bidding war with Dollar Tree, Inc (NASDAQ:DLTR). Dollar General Corp. (NYSE:DG) offered nearly $9 billion for Family Dollar Stores Inc (NYSE:FDO) against $8.5 billion offered by Dollar Tree, Inc (NASDAQ:DLTR) last month. According to the…