Family Dollar Rejects Dollar General’s Sweetened Offer
Family Dollar Stores rejected Dollar General Corp’s $9.1 billion sweetened takeover offer, saying it was not reasonably likely to be completed on the terms proposed. Family Dollar Chief Executive Howard Levine said in a statement. “There is a very real and material risk that the transaction proposed by Dollar General would fail to close, after a lengthy and disruptive review process,” Family Dollar said it would stick with an $8.5 billion cash-and-stock offer from Dollar Tree .
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