Update: Family Dollar Rejects Dollar General Acquisition
Renee Butler • Today, 3:59 PM
- Family Dollar announced Thursday that it would reject Dollar General’s $9 billion takeover offer and reiterated support for Dollar Tree’s $8.5 billion offer.
- I had predicted that there would be difficulties in a Dollar General bid, including Family Dollar CEO Levine and Trian Management’s support of Dollar Tree.
- However, there are those on Family Dollar’s board who do not support the Dollar Tree bid and this only confirms my opinion that volatility is on the horizon.