The Traderszone Network

Published in TZ Latest News 31 October, 2014 by The TZ Newswire Staff

Dollar General extends tender offer for Family Dollar shares again

Dollar General had received offers for only about 4 million Family Dollar shares of a total 114 million outstanding shares as of Oct. 30, a day before the offer was to expire. Dollar General’s perseverance to close a deal highlights its struggles in a weak economy where penny-pinching customers look for more discounts and deals. Dollar stores have been a popular choice for such customers, but rising competition from mass retailers such as Wal-Mart Stores Inc (WMT.N) and Target Corp (TGT.N) opening small-format stores has intensified pressure on them to merge.