Watch FOX 17 This Morning LIVE!

Watch FOX 17 This Morning LIVE!

  • WATCH NOW

    10/31/14 06:49:40 AM

    HAPPY HALLOWEEN! A freeze watch has been issued for Friday evening to Saturday morning.We tell you what to expect when trick or treating tonight. Also, we share tips on how kids and drivers can stay safe. Get up-to-the-minute weather, traffic and breaking news updates LIVE: click here for more

WZTV - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Dollar General Bid Rejected by Family Dollar

Stream WZTV Fox 17 Newscasts LIVE starting with Fox 17 This Morning at 4:30am, News at 5:30pm and News at 9pm & 10 pm.


MATTHEWS, N.C. (AP) -- Family Dollar is rebuffing Dollar General's takeover bid, citing antitrust issues. The discounter's board remains supportive of its existing deal with Dollar Tree.

   Family Dollar Stores Inc. Chairman and CEO Howard Levine said in a statement Thursday that its board and advisers reviewed Dollar General Corp.'s offer and determined it wasn't likely to be completed on the terms proposed.

   On Monday Dollar General -- the nation's biggest dollar-store chain -- offered about $8.95 billion for Family Dollar. The company said at the time that it believed it could quickly address any antitrust issues and was willing to divest up to 700 of its stores in order to get the necessary approvals.

   Last month Family Dollar agreed to an $8.5 billion deal with Dollar Tree Inc.


Follow us on Twitter @wztv_fox17 and LIKE us on Facebook for updates.