BANGALORE (Reuters) — Family Dollar Stores Inc. rejected Dollar General Corp.'s $8.95 billion acquisition offer, citing antitrust concerns, and reaffirmed its support for a buyout offer from Dollar Tree Inc.

“We will not jeopardize the Dollar Tree deal for a transaction with Dollar General that has a high likelihood of not closing due to antitrust considerations," Ed Garden, an independent director on Family Dollar's board, said in a statement on Thursday.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus