Investors of Family Dollar have reportedly won a motion to fast-track a lawsuit against a proposed buyout of the company by rival Dollar Tree, arguing that the company has only given shareholders a few weeks to challenge the deal.
The lawsuit comes as Family Dollar simultaneously fields aggressive buyout offers from third rival, Dollar General, which has recently decided to go hostile with its $9.1 billion offer.
Family Dollar, however, has been keen to finalize the $8.5 billion takeover by Dollar Tree, and the company’s plans to close the deal by November has left some shareholder disgruntled.
Lawsuits have been filed to delay the closure of the buyout so shareholders can have time to present their case against the deal, say reports. Family Dollar recently won an appeal to fast track the exchange of merger documents.
Full content: Business News Americas
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Geradin Partners Expands Paris Office with Key Hire
Aug 30, 2024 by
CPI
Judge Accuses Google of ‘Clear Abuse’ in Antitrust Case Over Deleted Employee Chats
Aug 29, 2024 by
CPI
Hong Kong Cleaning Company Employee Charged in Historic Antitrust Investigation Case
Aug 29, 2024 by
CPI
Inside the Yelp Suit: Allegations of Google’s Abuse of Search Power
Aug 29, 2024 by
CPI
AI Safety Bill Clears Hurdle in California, Heads to Governor’s Desk
Aug 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – State Attorneys General
Aug 22, 2024 by
CPI
CPI Talks… …With Attorney General Phil Weiser
Aug 22, 2024 by
CPI
The Bipartisan Miracle of State Antitrust Enforcement
Aug 22, 2024 by
Gwendolyn J. Lindsay Cooley
Recent Developments in State Antitrust Enforcement: Agriculture and Food Markets
Aug 22, 2024 by
Elizabeth R. Odette
State Attorneys General: Stewards of Consumer Health and Welfare
Aug 22, 2024 by
Brooke Howlett Lovrovich