Dollar General Corp, the No.1 U.S. deep discount retailer, said it raised its bid for Family Dollar Stores Inc to $80 per share, or $9.1 billion, from $78.50 per share. Dollar General said last week it remained committed to acquiring Family Dollar, after the target rejected the previous offer, saying the deal could run foul of competition law. Instead, it opted for a lower bid from Dollar Tree Inc.
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 0.33% or $-0.21/share to $63.99. In the past year, the shares have traded as low as $53.00 and as high as $65.99. On average, 6748590 shares of DG exchange hands on a given day and today's volume is recorded at 3665173.
Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price. Shares of DLTR fell by 0.6% or $-0.325/share to $53.62. In the past year, the shares have traded as low as $49.59 and as high as $60.19. On average, 2898030 shares of DLTR exchange hands on a given day and today's volume is recorded at 2670946.
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 $79.83. In the past year, the shares have traded as low as $55.64 and as high as $80.20. On average, 3134540 shares of FDO exchange hands on a given day and today's volume is recorded at 597328.
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