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US: States enter crosshairs of Family Dollar, Dollar General feud

 |  September 29, 2014

After Family Dollar rejected a buyout offer by rival Dollar General multiple times, Family Dollar announced that several states will now investigate that takeover attempts.

Family dollar has several times rejected Dollar General’s $9.1 billion takeover, which turned hostile earlier this month, because it is convinced antitrust concerns would prevent any deal from gaining approval. Instead, Family Dollar is poised to merge with third rival Dollar Tree for a lesser offer.

Still, Dollar General has remained adamant about pursuing a deal. But according to Family Dollar, several state attorneys general have sent a notification that they plan to investigation the hostile takeover attempts.

Dollar General took its offer right to Family Dollar shareholders; that tender offer is set to expire October 10.

Full content: Bidness ETC

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