Changing their previous stance, two influential proxy advisory firms advised Family Dollar Stores Inc shareholders to vote for the retailer's acquisition by Dollar Tree Inc, saying the deal offered more certainty of closure.
Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp (DG.N) and Dollar Tree Inc (DLTR.O) to buy Family Dollar Stores Inc (FDO.N), a development that potentially complicates the companies' efforts to win U.S. approval for a deal.
Activist investor Elliott Advisors UK Ltd nominated seven candidates for election to Family Dollar Stores Inc's (FDO.N) board as it looks to push for a sale of the dollar store operator to bigger rival Dollar General Corp (DG.N).
Family Dollar Stores Inc (FDO.N) said certain state attorney generals have notified the company that they will investigate larger rival Dollar General Corp's (DG.N) takeover bid over competitive concerns.
U.S. retailer Dollar General Corp (DG.N) is preparing to go hostile as soon as this week in its bid to buy rival Family Dollar Stores (FDO.N), taking its $9.1 billion offer directly to shareholders after being spurned twice by its smaller rival, people familiar with the matter said on Tuesday.
Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc (FDO.N), making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday.
Dollar General Corp (DG.N) raised its bid for Family Dollar Stores Inc (FDO.N) to $9.1 billion, and warned it may turn hostile and appeal directly to shareholders if the new offer was rejected.
Dollar General Corp, the No.1 U.S. deep discount retailer, said it remained committed to acquiring rival Family Dollar Stores Inc and reported a 7.5 percent rise in quarterly sales.
KKR & Co and the private equity arm of Goldman Sachs Group Inc quietly exited their investment in US discount retailer Dollar General Corp on Wednesday in a stock sale valued at $252 million.