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- The merger between Family Dollar and Dollar General has faced challenges. Family Dollar rejected Dollar General’s tender offer to acquire all outstanding shares for $80.00 per share in cash1. However, 74% of Family Dollar shareholders voted in favor of the acquisition, and Family Dollar will become a subsidiary of Dollar Tree2. Additionally, some Family Dollar stores will be converted to the Dollar General banner3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
GOODLETTSVILLE, Tenn. -- (BUSINESS WIRE)-- In response to the decision by the Board of Directors of Family Dollar Stores, Inc. (NYSE: FDO) to reject Dollar General’s tender offer to acquire all outstanding shares of Family Dollar for $80.00 per share in cash, Dollar General Corporation (NYSE: DG) today stated that it remains committed to acquiring Family Dollar in a transaction that would deliver superior value to Family Dollar...
investor.dollargeneral.com/websites/dollargeneral/…74% of Family Dollar shareholders voted in favor of the acquisition in a meeting Thursday. Family Dollar CEO Howard Levine will stay on in a leadership role at the combined company, where Family Dollar will become a subsidiary of Dollar Tree.www.grocerydive.com/news/family-dollar-sharehol…The stores, which are currently operating under the Family Dollar banner, were acquired less than two years ago by New York private equity firm Sycamore Partners, which had planned to convert the stores to the Dollar Express banner. Instead, the stores will be converted to the Dollar General banner in coming months.www.supermarketnews.com/retail-financial/dollar-g… - People also ask
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