Eddy Elfenbein submits: Yet another company is leaving the stock. Kohlberg Kravis Roberts said it’s going to buy Dollar General (NYSE:DG) for $6.9 billion.
Up until a few years ago, the stock had been a terrific long-term winner. Thirty-two years ago, the stock was going for about three cents a share (adjusted for many, many splits). In 1999, DG got to $26 a share but had a rough go of it after that. Last year, the shares got down to $12. KKR’s offer is for $22 a share.
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