Dollar General goes hostile with Family Dollar bid

Reuters News
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Posted: Sep 09, 2014 10:21 PM

(Reuters) - Dollar General Corp <DG.N> said it would take its $9.1 billion offer directly to shareholders of Family Dollar Stores Inc <FDO.N>, after being spurned twice by its smaller rival.

The company said it had started a tender offer to buy all shares of Family Dollar for $80 per share.

Reuters reported on Tuesday that Dollar General would go hostile with its offer.

(Reporting by Siddharth Cavale in Bangalore; Editing by Saumyadeb Chakrabarty)