The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Although the United States has yet to significantly embrace e-bikes, they are catching on in countries that already have a strong bicycle culture. (nyti.ms/1BvJeeU)* Dollar General Corp offered to purchase Family Dollar Stores Inc for $8.9 billion, hoping to break up its fellow deep-discount retailer Dollar Tree's agreed-upon $8.5 billion merger with Family Dollar. (nyti.ms/1p5uNJt)
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, 6667450 shares of DG exchange hands on a given day and today's volume is recorded at 42449092.
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 $80.01. On average, 3015380 shares of FDO exchange hands on a given day and today's volume is recorded at 20049500.
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