Family Dollar rejects Dollar General, sticks with Dollar Tree offer

Family Dollar rejects Dollar General, sticks with Dollar Tree offer

“Given the significant antitrust issues involved with Dollar General’s proposal, we will not jeopardize the Dollar Tree deal for a transaction with Dollar General that has a high likelihood of not closing due to antitrust considerations.” —Ed Garden, a non-management director of Family Dollar

Family Dollar Stores has rejected a higher acquisition bid from Dollar General Corp. and said it will pursue completion of its prior agreement to be acquired by Dollar Tree, citing antitrust considerations.

“The CEO of Dollar General said he believes antitrust is not a risk but did not put forth a proposal that eliminates regulatory risk for Family Dollar shareholders,” Ed Garden, a non-management director of Family Dollar and co-founder and partner at Trian Fund Management, New Y

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