Big Money On The Line In Dollar Stores' Merger Attempts
STEVE INSKEEP, HOST:
NPR's Business News starts with a possible hostile takeover. The extreme discount retailer Dollar General has been courting its competitor Family Dollar. It wants to buy the rival company - presumably for more than a dollar. But Family Dollar has rejected numerous offers. They've agreed to sell to a different saving store, Dollar Tree. Now it's being widely reported that Dollar General is planning a hostile bid to disrupt that deal. They will apparently take a $9-billion offer directly to Family Dollar's shareholders. At the very least, that could delay the deal with Dollar Tree.
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