A federal judge has been told that Family Dollar is improperly refusing to negotiate with Dollar General and should not be allowed to proceed on a vote on whether to accept a Dollar Tree buyout, say reports.
Dollar General has been competing to acquire Family Dollar for $9.1 billion, but Family Dollar has denied the attempts and instead told its shareholders to accept a competing $8.5 billion offer fro Dollar Tree.
Now, Dollar General has told a federal judge that Family Dollar is being unreasonable in the matter; the company is now asking the court to block Family Dollar from a vote on the Dollar Tree deal until it has fully explored Dollar General’s competing offer.
Family Dollar is set to vote on the Dollar Tree offer on December 23, say reports; the merger would create the nation’s largest discount retail chain.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI