99 Cents Only Stores, Los Angeles, has agreed to pay more than $2 million to settle a lawsuit filed by 30 jurisdictions in California involving allegedly improper storage, handling and disposal of hazardous and pharmaceutical waste products....More
If it wants to win the bidding war, Dollar General likely will have to improve one or more aspects of its offer, before the vote on the Dollar Tree deal. A Dealpolitik commentary in The Wall Street Journal...More
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
Dollar General may have to divest more than double the 1,500 stores it said it was willing to sell if it wants to gain regulatory approval to buy arch-rival Family Dollar, The New York Post has learned....More
While supermarkets have been a phenomenally successful format, accounting for a large proportion of the food retail market, their market share continues to be under pressure as new formats emerge and others raise their appeal....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
Billionaire John Paulson privately suggested on at least two occasions that Family Dollar Stores sell itself, before his hedge-fund firm told regulators that its investment in the discount retailer was passive....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
Dollar General doesn’t intend to take “no” for an answer.
Officials of the Goodlettsville, Tenn.-based discounter say they remain convinced they have a superior offer to acquire Family Dollar than does Dollar Tree, despite seeing their initial offer rejected....More