Home / Knowledge / News / Apparel/Garments / Dollar General extends tender offer to buy Family Dollar
Dollar General extends tender offer to buy Family Dollar
Nov '14
NYSE-listed Dollar General Corp said it remains committed to acquiring rival Family Dollar and also extended its offer to acquire all outstanding shares of Family Dollar Stores, Inc.

Dollar General will tender $80.00 per share in cash, including associated preferred share purchase rights till 5:00 PM on December 31, 2014, unless further extended.

The tender offer had expired at 5:00 p.m., New York City time, on October 31, 2014.

In addition, Dollar General also intends to file definitive proxy materials with the U.S. Securities and Exchange Commission (SEC) for the special meeting of Family Dollar shareholders scheduled on December 11, 2014, to vote on the merger with Dollar Tree.

It will also commence mailing of such definitive proxy materials to Family Dollar shareholders of record as of October 30, 2014, on or about November 3, 2014.

In a statement, Dollar General urged Family Dollar shareholders to vote the GOLD proxy card in order to vote against the merger agreement with Dollar Tree and to tender their shares into Dollar General's tender offer.

Dollar General said, by voting the Gold proxy card and by tendering their shares into Dollar General's tender offer, Family Dollar shareholders will be sending a clear message to the Family Dollar Board to promptly engage in discussions with Dollar General.

“A vote against the merger agreement with Dollar Tree will not obligate Family Dollar shareholders to tender their shares in the Dollar General tender offer,” the retailer added.

“However, anyone desiring to participate in the Dollar General tender offer must tender their shares pursuant to the tender offer, prior to the expiration date,” Dollar General told shareholders.

Dollar General has informed that as of as of October 30, 2014, 4,097,475 common shares of Family Dollar had been validly tendered into, and not withdrawn from, the tender offer.

It said it also remains committed to the proposed acquisition of Family Dollar and will continue to cooperate with the Federal Trade Commission (FTC) to obtain antitrust regulatory clearance for the transaction.

Dollar General with more than 11,500 stores in 40 states has more retail locations than any retailer in America. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search