Dollar Tree CEO Bob Sasser said Thursday that he expects the Federal Trade Commission will require fewer than 500 store divestitures to gain approval for its proposed acquisition of Family Dollar stores.
The company when it announced the $8.5 billion deal in July said it was preparing for up to 500 divestitures....More
Dollar General on Wednesday affirmed commitment to its pursuit of rival discounter Family Dollar Stores in the wake of press speculation that mandated divestitures may be more than expected. Family Dollar in the meantime said it was delaying its shareholder vote on its agreement to be acquired by another rival, Dollar Tree, from Dec. 11 to Dec. 23 so it can examine the impact of the Federal Trade Commission review of that deal....More
Family Dollar Stores on Monday acknowledged receipt of a letter from minority investor Elliott Advisors critical of the company’s backing of a merger agreement with Dollar Tree — and the rejection of a competing offer from Dollar General....More
The parent of Piggly Wiggly stores in South Carolina is in the process of selling itself to distributor C&S Wholesale Grocers while its stores will be sold to independent operators, company officials told SN Wednesday....More
Grocery Outlet, an extreme-value retailer, said Tuesday it will enter “its next phase of growth” following a definitive agreement for the company and its management team to be acquired by affiliates of Hellman & Friedman LLC, San Francisco....More
Associated Wholesalers Inc. said Tuesday that it had entered into an agreement with C&S Wholesale Grocers whereby C&S would be the "stalking horse" bidder in an auction of AWI and its subsidiaries in U.S. Bankruptcy Court.
The offer is subject to potentially higher or better offers. AWI and its subsidiaries on Tuesday filed Chapter 11 petitions in Delaware, which the companies said would allow for an orderly sale. ...More