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US: $9B still not good enough for Family Dollar

By  |  September 8, 2014

Family Dollar has once again rejected a takeover bid from rival Dollar General even after the offer reached a $9.1 billion price tag.

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    According to reports, Family Dollar’s board of directors unanimously denied the offer. Dollar General had agreed to divest hundreds of locations and include a $500 million breakup fee should authorities block the merger.

    Family Dollar was not convinced, however, and said that it still holds significant antitrust concerns about the deal.

    Dollar General said it remains committed to striking a deal with its competitor and is now planning out its next move as it attempts to win Family Dollar over from its current plan to merge with Dollar Tree.

    Dollar Tree will pay $8.5 billion to acquire the company.

    Full content: ABC News

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