Dollar General Corp said Chief Executive Rick Dreiling would retire effective May 30, 2015 or upon the appointment of a successor. Dreiling, 60, has served as the discount retailer's CEO since January 2008. He is also the chairman of the company.Billionaire activist investor Carl Icahn said earlier this month he was considering pushing rival Family Dollar Stores Inc to merge with Dollar General.Dreiling will continue as chairman during a transition period following the appointment of a new CEO, the company said.
Dollar General Corporation is a discount retailer in the United States by number of stores, with 9,961 stores located in 39 states as of March 2, 2012, primarily in the southern, southwestern, midwestern and eastern United States. Shares of DG remained unchanged at $61.68. In the past year, the shares have traded as low as $50.43 and as high as $65.99. On average, 4470170 shares of DG exchange hands on a given day and today's volume is recorded at 1341.
Family Dollar Stores, Inc. (Family Dollar) operates a chain of more than 7,900 general merchandise retail discount stores in 46 states, providing consumers with a selection of merchandise in neighborhood stores. Shares of FDO remained unchanged at $68.00. In the past year, the shares have traded as low as $55.64 and as high as $75.29. On average, 1850140 shares of FDO exchange hands on a given day and today's volume is recorded at 2870.
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