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US: FTC steps up pressure on Dollar General’s hostile bidding

By  |  October 12, 2014
US: FTC steps up pressure on Dollar General’s hostile bidding

The US Federal Trade Commission is increasing its pressure on Dollar General and its unsolicited takeover attempts of rival Family Dollar as the regulator requested additional information from both retailers, say reports.

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    Family Dollar has repeatedly rejected Dollar General’s takeover offers that have increased to $9.1 billion, citing antitrust concerns. Family Dollar is instead set to sell itself to third rival Dollar Tree for about $8.5 billion.

    But Dollar General has not given up its pursuit of the deal, and the FTC is now keeping a close eye on the matter. In a statement Friday, Dollar General said it “remains committed to the proposed acquisition of Family Dollar and will continue to cooperate with the FTC.”

    But Family Dollar has resisted such bids, calling Dollar General’s offers “illusory and a distraction.”

    Full content: Wall Street Journal

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