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DGC successfully completes merger with KKR

07
Jul '07
Dollar General Corporation announced the completion of its merger with affiliates of Kohlberg Kravis & Roberts & Co. L.P, GS Capital Partners, an affiliate of Goldman Sachs, Citi Private Equity, and other equity co-investors.

The total enterprise value of the transaction is approximately $7.3 billion. The transaction was approved by Dollar General's shareholders at a special meeting on June 21, 2007.

Pursuant to the terms of the merger agreement entered into on March 11, 2007, Dollar General's shareholders will receive $22.00 in cash for each share of Dollar General's common stock that they hold.

Dollar General's common stock will cease to trade on the New York Stock Exchange (“NYSE”) prior to the opening of trading on July 9, 2007. Under private ownership, Dollar General's common stock will no longer be listed on the NYSE.

Pursuant to the merger agreement, the transfer books were closed as of the effective time of the merger. Shareholders of Dollar General who have stock certificates in their possession will receive instructions by mail from Registrar and Transfer Company, the paying agent, concerning how and where to forward their certificates for payment.

Dollar General also announced the successful completion by Buck Acquisition Corp, a Tennessee corporation (“Buck”), which is indirectly controlled by investment funds affiliated with the Investors, of Buck's tender offer and consent solicitation for Dollar General's $200 million outstanding principal amount of 8 5/8% notes due June 15, 2010.


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