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. * Making global e-commerce available to Chinese shoppers is a key aim of Alibaba Group Holding Ltd, and the strategy could help put a dent in American trade deficits. (nyti.ms/1pRl0lK)* On Wednesday, Dollar General Corp said it was going hostile and taking its $9.1 billion offer for Family Dollar directly to shareholders after being rebuffed. The move further complicates Family Dollar's agreed-upon deal, announced in July, to sell itself to Dollar Tree for $8.5 billion. (nyti.ms/1tLYXEs)
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 0.44% or $0.28/share to $63.70. In the past year, the shares have traded as low as $53.00 and as high as $65.99. On average, 6384280 shares of DG exchange hands on a given day and today's volume is recorded at 3793327.
Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price. Shares of DLTR fell by 0.16% or $-0.09/share to $55.82. In the past year, the shares have traded as low as $49.59 and as high as $60.19. On average, 2996120 shares of DLTR exchange hands on a given day and today's volume is recorded at 1730133.
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