Company Remains Committed to Acquiring Family Dollar
GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--
In response to the decision by the Board of Directors of Family Dollar
Stores, Inc. (NYSE: FDO) to reject Dollar General's enhanced all-cash
proposal to acquire all outstanding shares of Family Dollar for $80.00
per share, Dollar General Corporation (NYSE: DG) today stated that it
remains committed to acquiring Family Dollar and is currently evaluating
its next steps.
Goldman, Sachs & Co. is acting as financial advisor to Dollar General
and Simpson Thacher & Bartlett LLP is acting as its legal counsel.
About Dollar General Corporation
Dollar General Corporation has been delivering value to shoppers for 75
years. Dollar General helps shoppers Save time. Save money. Every day!®
by offering products that are frequently used and replenished, such as
food, snacks, health and beauty aids, cleaning supplies, basic apparel,
house wares and seasonal items at low everyday prices in convenient
neighborhood locations. With more than 11,500 stores in 40 states,
Dollar General has more retail locations than any retailer in America.
In addition to high quality private brands, Dollar General sells
products from America's most-trusted manufacturers such as Clorox,
Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle,
Kimberly-Clark, Kellogg's, General Mills, and PepsiCo. For more
information on Dollar General, please visit www.dollargeneral.com.
Dollar General Corporation
Winn Pilkington, 615-855-5536
Emma Jo Kauffman, 615-855-5525
Steve Lipin or Shahed Larson, 212-333-3810
Media Hotline, 877-944-DGPR (3477)
Crystal Ghassemi, 615-855-5210
Source: Dollar General Corporation
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