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Friday, September 5, 2014

Deals of the day- Mergers and acquisitions, (NYSE: DG), (NYSE: FDO)

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:** Family Dollar Stores Inc rejected Dollar General Corp's $9.1 billion sweetened takeover offer, saying it was not reasonably likely to be completed on the terms proposed.

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 fell by 2.28% or $-1.47/share to $63.01. In the past year, the shares have traded as low as $53.00 and as high as $65.99. On average, 6604130 shares of DG exchange hands on a given day and today's volume is recorded at 12966508.

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 fell by 1.19% or $-0.95/share to $79.11. In the past year, the shares have traded as low as $55.64 and as high as $80.97. On average, 3150580 shares of FDO exchange hands on a given day and today's volume is recorded at 6112619.



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