GOODLETTSVILLE, Tenn. — Dollar General has reached an agreement to settle a lawsuit brought by shareholders over the retailer’s acquisition by a private investment firm. A charge of $34.5 million related to the settlement led to a net loss of $7.3 million for the third quarter, which ended Oct. 31, despite robust sales and higher gross profit margins, Dollar General said Wednesday. The lawsuit charged that the company “rushed” into a deal with an affiliate of Kohlberg Kravis Roberts in 2007 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.