Dollar General makes rival bid for Family Dollar

[Sherman A1]

Dollar General on Monday swooped in with a rival offer for discounter Family Dollar Stores, trumping Dollar Tree’s $8.5 billion bid with an offer of $9.7 billion.

If approved, the combination of Dollar General and Family Dollar would create a $28 billion retailer with nearly 20,000 stores in 46 states, Dollar General said. It said its all-cash bid provides Family Dollar's shareholders with approximately $466 million of additional aggregate value over Dollar Tree’s cash-and-share offer, announced last month and approved by both company’s boards.

Dollar General’s bid includes financing for a $305 million termination fee payable to Dollar Tree in the event Family Dollar terminates its agreement with Dollar Tree and pursues the Dollar General offer.

http://supermarketnews.com/dollar-stores/dollar-general-makes-rival-bid-family-dollar

[Louisiana1976]

1. That's too bad. Dollar Tree is a better store.

[Sherman A1]

2. I agree with You

Of all of these types of stores I find Dollar Tree to be the best. I guess the upside, if there is any in this would be Dollar Tree would get $305 Million as a settlement in the deal for being shut out. That might make them stronger in the long term.

[In_The_Wind]

3. My money always goes to Dollar Tree not Dollar General or Family Dollar.

[Sherman A1]

4. Well,

it appears the offer has been rejected. Here is Omaha Steve's thread on the situation.

http://www.democraticunderground.com/1014876191