Dollar General Corp. (NYSE:DG) has enhanced its bid for Family Dollar Stores, Inc. (NYSE:FDO) by 2% to $80 per share ($9.1 billion) in a renewed effort to win over its competitor from a rival $8.5 billion cash-and-stock bid from Dollar Tree, Inc. (NASDAQ:DLTR).
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As part of the revised proposal, Dollar General Corp. (NYSE:DG) is also willing to sell up to 1,500 stores if required by the U.S. Federal Trade Commission.
Dollar General’s sweetened offer
The biggest dollar-discount chain in the U.S. offered Tuesday to enhance its bid for Family Dollar to $9.1 billion as well as paying a...
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