date:Aug 20, 2014
ate a company with more than $28 billion in annual revenue and almost 20,000 stores. Dollar General plans to pay $78.50 a share in cash, 5.4 per cent more than Dollar Trees bid of $74.50 a share in cash and stock. The transaction will eventually generate $550 million to $600 million in cost savings, Dollar General said.
Dollar General shares surged 12 per cent to $64.14 yesterday in New York, underscoring that investors want the company to consolidate the industry. Family Dollar shares rose 4.9