Dollar General To Launch Takeover Bid For Matthews Based Family Dollar

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 MATTHEWS, N.C. — Dollar General will launch a hostile takeover bid for the Matthews based Family Dollar according to the Wall Street Journal.

Dollar General plans to bypass Family Dollar’s board and take their $9.1 billion bid directly to their shareholders.      

Family Dollar’s board rejected dollar general’s offer, opting for an $8.5 billion bid from Dollar Tree.