Institutional Shareholder Services said on Wednesday Dollar Tree’s proposal was in the best interest of shareholders and was more likely to close as it faces fewer antitrust hurdles. The proxy advisory firm had asked Family Dollar’s shareholders in December to oppose Dollar Tree’s $8.5 billion cash-and-stock offer, delay voting on the deal and consider Dollar General Corp’s higher cash offer of $9.1 billion. Dollar Tree has said it would divest as many stores as required to get antitrust approval for the deal, while Dollar General has stuck to its offer to shed up to 1,500 stores.
Published in TZ Latest News 14 January, 2015 by The TZ Newswire Staff
Two proxy firms back Dollar Tree’s bid for Family Dollar
Published in TZ Latest News 14 January, 2015 by The TZ Newswire Staff
Two proxy firms back Dollar Tree’s bid for Family Dollar
Institutional Shareholder Services said on Wednesday Dollar Tree’s proposal was in the best interest of shareholders and was more likely to close as it faces fewer antitrust hurdles. The proxy advisory firm had asked Family Dollar’s shareholders in December to oppose Dollar Tree’s $8.5 billion cash-and-stock offer, delay voting on the deal and consider Dollar General Corp’s higher cash offer of $9.1 billion. Dollar Tree has said it would divest as many stores as required to get antitrust approval for the deal, while Dollar General has stuck to its offer to shed up to 1,500 stores.