{"id":52524,"date":"2014-08-18T14:53:21","date_gmt":"2014-08-18T19:53:21","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=52524"},"modified":"2014-08-18T21:16:24","modified_gmt":"2014-08-19T02:16:24","slug":"dollar-gen-offers-bid-family-dollar","status":"publish","type":"post","link":"http:\/\/csinewsnow.com\/?p=52524","title":{"rendered":"Dollar General bids $8.95 billion for Family Dollar Stores"},"content":{"rendered":"<div>\n<p><a href=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2014\/08\/dollargeneral.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-52525\" alt=\"dollargeneral\" src=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2014\/08\/dollargeneral.jpg\" width=\"128\" height=\"72\" \/><\/a>(CSi) &#8211; Dollar General Corp has offered to buy Family Dollar Stores Inc for $8.95 billion, above the\u00a0 bid by Dollar Tree Inc., that had threatened to unseat the biggest U.S. discount retailer from the peak of a highly competitive market.<\/p>\n<p>Shares of Family Dollar, the\u00a0number two \u00a0U.S. discount chain, rose 5 percent to $79.87, above the offer price of $78.50 per share in cash, suggesting that investors anticipate a bidding war.<\/p>\n<p>A combined company will have nearly 20,000 stores across 46 U.S. states and annual sales in excess of $28 billion.<\/p>\n<p>A merger would \u00a0allow Dollar General to retain its Number one\u00a0 spot among U.S. dollar stores. Dollar Tree&#8217;s $8.5 billion bid for Family Dollar, announced on July 28, would have vaulted that merged company ahead of Dollar General.<\/p>\n<p>The U.S. market for dollar stores grew 45.7 percent to $48.2 billion between 2008 and 2013 and is expected to grow 18 percent in the next five years, according to Euromonitor International.<\/p>\n<p>But the growth has recently started slowing due to intense competition.<\/p>\n<p>Combined, the three dollar chains&#8217; annual sales total about $35 billion &#8211; less than a tenth of\u00a0 Wal-Mart&#8217;s\u00a0 $473 billion.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>(CSi) &#8211; Dollar General Corp has offered to buy Family Dollar Stores Inc for $8.95 billion, above the\u00a0 bid by Dollar Tree Inc., that had threatened to unseat the biggest U.S. discount retailer from the peak of a highly competitive market. Shares of Family Dollar, the\u00a0number two \u00a0U.S. discount chain, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":50906,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-52524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state"],"_links":{"self":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/52524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52524"}],"version-history":[{"count":5,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/52524\/revisions"}],"predecessor-version":[{"id":52529,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/52524\/revisions\/52529"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/50906"}],"wp:attachment":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52524"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}