Dollar General Extends Tender Offer For Family Dollar To January 30

(RTTNews) - Discount retailer Dollar General Corp. (DG) said Tuesday that it has extended its tender offer to acquire all outstanding shares of rival Family Dollar Stores, Inc. (FDO) for $80 per share in cash to January 30, 2015.

The tender offer was previously set to expire on December 31, 2014. All other terms and conditions of the tender offer remain unchanged.

As of December 22, 3,391,996 common shares of Family Dollar had been validly tendered into, and not withdrawn from, the tender offer.

Dollar General said it remains committed to the proposed acquisition of Family Dollar and will continue to cooperate with the Federal Trade Commission to obtain antitrust regulatory clearance for the deal.

Meanwhile, the special meeting for Family Dollar shareholders to vote on the proposed merger with rival Dollar Tree Inc. (DLTR) has been adjourned to January 22. The vote was set to take place this morning, but was adjourned because of the company said there were "insufficient votes" to approve the deal. Dollar Tree has offered $76 per share, or $8.5 billion in cash and stock, for Family Dollar.