Dollar General enters bid for Family Dollar

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Monday, August 18, 2014

BBC: Dollar General made a $9.7 billion offer for the discount retailer, triumphing the $8.5 billion offer Dollar Tree made last month.

Dollar stores expanded fast during the US economic downturn, but have faced competition from some of the bigger chains, including Wal-Mart.

Dollar General said in a statement that a merger with Family Dollar would create a group with 20,000 stores in 46 states, with sales of more than $28bn.

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