Weather Alert

Light Snow and Rain Expected

A quick-moving system will move through tonight and early Thanksgiving morning producing rain and snow showers. Tonight light rain will push through Middle TN. Snow showers will be likely along and north of I-40, with some accumulation in S. KY and the Cumberland Plateau. 1-2 is possible along the Plateau by early Thurs. morning. Up to .5 inch is possible in S. KY and nearby TN counties. Those along the I-40 corridor will see flurries with little to no accumulation. Roads will become slick along the Plateau overnight and early Thurs. morning.

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Report: Dollar General Considering Counter-Bid for Family Dollar

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(FOXNEWS) -- Discount retailer Dollar General Corp is considering a rival bid to Dollar Tree Inc 's $8.5 billion offer for Family Dollar Stores Inc, Bloomberg reported, citing people with knowledge of the matter.

Dollar General shares were up 3 percent at $57.62 on the New York Stock Exchange on Tuesday. Family Dollar shares were also up 2 percent at $77.26.

Dollar Tree shares were down 1.8 percent at $54.99 on the Nasdaq.

Goodlettsville-based Dollar General was working with an adviser to evaluate options, knowing banks are willing to finance a counter-bid, Bloomberg said, quoting one of the sources.

There was no guarantee that the company would make an offer, the report said. One of the sources put the chance of a rival Dollar General bid at 50 percent.

The company will lose its position as North America's largest discount retailer if Dollar Tree buys Family Dollar.

Carl Icahn, Family Dollar's largest shareholder when Dollar Tree offered to buy it, had pushed the company to sell itself to Dollar General earlier.

Dollar General couldn't be immediately reached for its reaction to the report. Family Dollar declined to comment.

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