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Dollar General May Go Hostile on Family Dollar Bid

  • Aired: 1/2/2014
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Synopsis >

The battle among dollar retailers just became a little more expensive and threatens to get nasty. Dollar General is raising its already higher offer for Family Dollar to $9.1 billion from $8.95 billion and says it may bypass the Board and go directly to shareholders with a hostile takeover if the sweetened deal is panned. The No. 1 dollar store is digging in its heels after Family Dollar decided to go will a smaller $8.5 billion cash-and-stock offer from Dollar Tree.

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