Dollar General Remains Committed To Family Dollar Acquisition

(RTTNews) - Dollar General Corp. (DG) said Wednesday that it remains committed to acquiring Family Dollar Stores, Inc. (FDO) in a deal that would deliver superior value to Family Dollar shareholders and is capable of being completed on the terms proposed.

Dollar General also said that it remains confident in both its antitrust strategy and the analysis performed by its antitrust advisors.

"Dollar General has invested significant time and resources in pursuit of this acquisition and remains committed to its successful completion. Family Dollar continues to make statements that are not worthy of debate. Rather than engaging with us in a meaningful and constructive manner, the Family Dollar Board has continued its efforts to distract shareholders from the main issue at hand - that a superior proposal adequately addressing antitrust issues remains on the table," said Rick Dreiling, Chairman and Chief Executive Officer of Dollar General.

The statements were in response to the decision by the Board of Directors of Family Dollar to reject Dollar General's tender offer to acquire all outstanding shares of Family Dollar for $80.00 per share in cash and reaffirm its recommendation in support of the deal with Dollar Tree, Inc. (DLTR).