the republic logo

Judge allows Family Dollar shareholder vote on $8.5 billion Dollar Tree bid

bug
Share/Save/Bookmark

DOVER, Delaware — A Delaware judge says stockholders of Family Dollar Stores Inc. can vote on proposed $8.5 billion acquisition by Chesapeake, Virginia-based Dollar Tree Inc.

Family Dollar shareholders are to vote on the acquisition Tuesday. But some Family Dollar shareholders want the vote postponed until the board reviews a deal with Dollar General Corp., which has also bid for Matthews, North Carolina-based Family Dollar.

The judge ruled Friday that Family Dollar's board acted reasonably in not negotiating with Dollar General, which is based in Goodlettsville, Tennessee, because of antitrust risks and uncertainty that regulators would approve the deal.

Family Dollar and Dollar General have similar business models, selling items at prices generally ranging from $1 to $10, while Dollar Tree prices all items at $1 or less.

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.