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.
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
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Hess Shareholders Approve $53 Billion Merger with Chevron
May 28, 2024 by
CPI
EU Regulators Engage with Telegram as App Nears Critical Usage Threshold
May 28, 2024 by
CPI
EEX Offers Remedies to Address EU Antitrust Concerns Over Nasdaq Deal
May 28, 2024 by
CPI
BRG Expands European Competition Practice with New Expert Team in Brussels
May 28, 2024 by
CPI
UK Law Empowers Regulators to Fine Big Tech Without Court Approval
May 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI