Reports: Dollar General To Announce Hostile Bid For Family Dollar

(RTTNews) - As per media reports, Dollar General Corp. (DG) is preparing to announce a hostile bid for Family Dollar Stores (FDO). Dollar General Corp. said last Friday that it remains committed to acquiring Family Dollar and was currently evaluating its next steps.

The statement from Dollar General was in response to the decision by Family Dollar's board to reject Dollar General's sweetened all-cash proposal to acquire all the outstanding shares of Family Dollar for $80.00 per share. At that time, Family Dollar reaffirmed its recommendation in support of the deal with Dollar Tree.