Family Dollar confirms new offer, review to start

|About: Dollar General Corporation (DG)|By:, SA News Editor

Family Dollar (FDO +5%) confirms receipt of an offer from Dollar General (DG +11.9%) at $78.50 per share.

The company says it remains subject to the merger agreement with Dollar Tree and that the board won't back off its recommendation of that deal until it has reviewed the Dollar General offer.

Shares of Family Dollar are trading 1.80% above the Dollar Tree bid, indicating at least some investors see more action to come.