The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:** Dollar General Corp offered to purchase Family Dollar Stores Inc for $8.95 billion, trumping a bid by Dollar Tree Inc that had threatened to unseat the biggest U.S. discount retailer from the peak of a highly competitive market.
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 traded higher by 11.63% or $6.68/share to $64.14. In the past year, the shares have traded as low as $53.00 and as high as $65.99. On average, 6128120 shares of DG exchange hands on a given day and today's volume is recorded at 42285968.
Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price. Shares of DLTR fell by 2.42% or $-1.345/share to $54.26. In the past year, the shares have traded as low as $49.59 and as high as $60.19. On average, 2687760 shares of DLTR exchange hands on a given day and today's volume is recorded at 9078815.
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 traded higher by 4.93% or $3.75/share to $79.81. In the past year, the shares have traded as low as $55.64 and as high as $79.93. On average, 2732250 shares of FDO exchange hands on a given day and today's volume is recorded at 20036736.
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