Business

Dollar General goes hostile in bid for rival

By Tom Murphy
Published September 10, 2014 2:40pm ET
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Dollar General goes hostile in bid for rival
In this Wednesday, Sept. 25, 2013, file photo, customers exit a Dollar General store in San Antonio. | Eric Gay/AP

Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers.

The discount chain has commenced an open offering to investors of Family Dollar Stores Inc. for $80 per share in cash. That offer was rejected last week by the company’s board, which has already accepted a deal with another discounter, Dollar Tree.

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