Dollar General Initiates Hostile Bid For Family Dollar

The biggest dollar-discount chain in the U.S. has decided to take its $9.1 billion offer directly to Family Dollar Stores, Inc. (NYSE:FDO) shareholders in a hostile bid.

Family Dollar has said antitrust concerns are at the heart of its decision to reject Dollar General Corp. (NYSE:DG)’s proposed merger.

Dollar General’s sweetened offer

Last week, 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 its renewed bid to win over its competitor in the face of an $8.5 billion cash-and-stock...