General Dollar & Buck Merger likely to be effective around July 6

02 Jul '07

2 min read

Dollar General Corporation announced that it has been advised by Buck Acquisition Corp, a Tennessee corporation ("Buck"), which is indirectly controlled by investment funds affiliated with Kohlberg Kravis Roberts & Co L.P ("KKR"), that Buck has extended the expiration time for the cash tender offer (and related consent solicitation) (the "Tender Offer") relating to the $200 million outstanding aggregate principal amount of 8 5/8% Senior Notes due 2010 of Dollar General (the "Notes"), to 5:00 p.m, New York City time, on July 5, 2007.

The price determination date for the tender offer was also extended to the second business day immediately preceding the expiration date (currently July 2, 2007, unless the expiration date is further extended).

The Tender Offer is being conducted in connection with the anticipated merger (the "Merger") of Buck with and into Dollar General.

As previously announced, Dollar General currently anticipates that the effective time of the Merger will be on or about July 6, 2007, subject to the satisfaction or waiver of closing conditions.

Additional information regarding the Merger and the related transactions can be found in the Company's Securities and Exchange Commission filings.

The Tender Offer is being made pursuant to an Offer to Purchase and Consent Solicitation Statement (the "Offer to Purchase") dated June 4, 2007, which more fully sets forth the terms and conditions of the Tender Offer.

As of 5:00 p.m, New York City time, on June 15, 2007, Buck had received consents and tenders for approximately 99% of the aggregate principal amount of the Notes.

Dollar General Corporation

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