Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Dollar General may have to shut more than 4, 000 stores: NY Post

A price sign is displayed at a Dollar General store in Arvada,   Colorado June 2,   2009. REUTERSRick Wilking
Dollar General Corp may need to divest more than 4, 000 stores to win approval from the U.S. Federal Trade Commission for its acquisition of Family Dollar Stores Inc , the New York Post reported, citing two sources close to the situation.

Dollar General has agreed to sell up to 1, 500 stores as part of its $9.1 billion offer. It approached Family Dollar shareholders with its offer directly in September after twice being spurned by its smaller rival.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

The New York Post reported on Wednesday that Dollar General could be forced either to raise its bid again or to divest more than double the number of stores previously pledged.

Family Dollar said in September it had been notified by certain state attorneys general that Dollar General’s bid would be investigated over competitive concerns

Neither the FTC nor Dollar General could be reached for comment outside regular U.S. business hours.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...