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
Dollar General Corp. said Tuesday it has sent an enhanced acquisition proposal to the board of directors of Family Dollar Stores that would increase its all-cash offer to $80 per share, for a total offer of approximately $9.1 billion....More
Family Dollar Stores has rejected a higher acquisition bid from Dollar General Corp. and said it will pursue completion of its prior agreement to be acquired by Dollar Tree, citing antitrust considerations....More