Dollar General Hits Do-Or-Die Point In $9B Hunt For Rival
Law360, New York (January 13, 2015, 4:46 PM EST) -- Lingering antitrust concerns this week left Dollar General Corp.'s $9.1 billion bid for Family Dollar Stores Inc. battered and nearly broken, putting the offer on shakier ground than ever as the target company's shareholders prepare to vote on a rival's board-approved takeover pitch.
In a letter to its shareholders on Monday, Family Dollar said its planned $8.5 billion union with Dollar Tree Inc. was “a virtual certainty” as the suitor works to wrap up talks with the Federal Trade Commission, the agency that for months has combed through both buyout proposals in separate probes.
Dollar Tree, the smallest of the three...
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