Dollar General Outbids Dollar Tree for Family Dollar

Dollar General Outbids Dollar Tree for Family Dollar

The bidding war among dollar stores is heating up. Dollar General has made an all-cash bid of nearly ten billion dollars for rival Family Dollar.
New York -- The bidding war among dollar stores is heating up.

Dollar General has made an all-cash bid of nearly ten billion dollars for rival Family Dollar.

The deal equals $78.50 per share, or about $9.7 billion.

That tops a buy-out offer made last month by Dollar Tree, valued at $8.5 billion.

All three of the retailers are general store chains that specialize in low-cost consumer goods.
Dollar General describes itself as the largest discount retailer in the u-s, with more than 11-thousand stores in 40 states.

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