A bidding war over the Family Dollar discount chain has officially turned hostile. After being twice rejected, Goodlettsville-based Dollar General is taking its offer directly to Family Dollar shareholders.
Post Tagged with: "Dollar General"
In a letter to Family Dollar’s board of directors, Goodlettsville-based Dollar General has increased its $10 billion bid by roughly two percent after being rejected in favor of a smaller offer from Dollar Tree.
Family Dollar is citing anti trust concerns for its rejection.
According to a news release from the company, Dollar General has made a $9.7 billion all-cash counter-bid, which tops the cash and stock offer made by Dollar Tree three weeks ago.
Dollar General has opened hundreds of stores across the nation in the past three years, The key has been new software, allowing the company to pinpoint not only which neighborhood is ideal, but which block, and even which side of the street.
PayPal is trying to gain a presence in brick and mortar stores. If you have a PayPal account, you can now use it at Brentwood-based Mapco Express or Dollar General, headquartered in Goodlettsville.
“Where’s the cigarettes?” Dollar General CEO Rick Dreiling says that’s the number one question he gets from customers and managers when he visits stores.
Dollar General is on track to open 50 stores in California by year’s end. Company executives think the nation’s most populous state could help the retailer continue its run of record-setting sales figures.
Sales rose 13 percent in the first three months of the year, to nearly $4 billion.
Goodletsville-based Dollar General is in the thick of its first holiday season operating an online store. Like many retailers trying to lure customers, Dollar General is offering free shipping, but without any limits.
Goodletsville-based Dollar General has announced plans to continue expanding next year with an additional 625 stores. The discount chain moved into three new states during the third quarter – Connecticut, New Hampshire, and Nevada.
Dollar General, based in Goodletsville, is celebrating record sales and profits. Its annual report calls 2010 a “great year” for the discount retailer.
Goodlettsville-based Dollar General announced plans Monday to open more than 600 stores this year, topping a string of high-growth years.
Goodlettsville-based Dollar General reported record sales in the company’s first quarter Tuesday. The discount retailer is making more money, in part, because it’s getting more of its goods from overseas.
Goodlettsville-based Dollar General posted another good quarter showing consumers are still hunting for bargains.
One of the country’s largest discount retail chains will begin trading on the New York Stock Exchange Friday.
Goodletsville-based Dollar General is reporting profits up more than three times over the second quarter of last year.
Private equity giant Kolhberg Kravis Roberts and Company is reportedly taking steps to launch an initial public offering of stock for Dollar General.