Name: Family Dollar bidding war continues
Uploaded: 2014-09-10
Duration: 1 min 37 s
Description: Family Dollar bidding war continues

It seems rejection is a tough pill to swallow. Dollar General has officially taken the gloves off in its fight to acquire Family Dollar. Dollar General has gone hostile in its bid to buy rival Family Dollar. DG announcing this morning it's taking its $ 80 a share offer directly to shareholders. An 80 dollar per share offer that has been rejected on multiple occasions. But this hostile bid from Dollar General is just the latest news in this bidding war saga for Family Dollar between Dollar General and Dollar Tree. Back in July Family Dollar agreed to an 8. 5 billion dollar buy out from Dollar Tree which comes out to about 74 dollars per share. A merger between these two companies would move Dollar general into. Second place in the low end retailer market, which led to a major counter offer from Dollar General, which has been rejected, not once, but twice by Family Dollar, citing anti- trust issues. The combination of Dollar General and Family Dollar would put almost 7000 more stores under one umbrella, than a Dollar Tree and Family dollar merger would. And while Family Dollar is concerned with what a potential merger would do in the low end retailer market. Fortune points out Dollar General has a different rival in mind. The, the Dollar General folks say, listen, if we put Dollar General and Family Dollar together, we actually become a real rival to Walmart. The Family Dollar side would argue, no, we're such a low- end retailer, we don't actually compete with Walmart. To combat anti- trust concerns, Dollar General has offered a number of provisions, including. Including selling 1, 500 stores to its competitors. And paying a $ 500 million reverse termination fee if the merger didn't go through.