Dollar General takes FDO offer directly to shareholders

With offers to buy Family Dollar twice rejected, Dollar General on Wednesday went directly to its rival's shareholders, commencing an $80 per share tender offer.

said its board will review the unsolicited tender offer and respond via SEC filing no later than Sept. 23, and advised shareholders to take no action.

Dollar General said the offer, which values Family Dollar at $9.1 billion, is superior to the

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