Tag Archives: Dollar General

Blog: Levine’s Dilemma

Howard Levine

Howard Levine, chairman and CEO of Family Dollar, apparently had a choice to make last week. Under Family Dollar’s agreement to be acquired by Dollar Tree, Levine would stay on as head of Family Dollar, reporting to Dollar Tree’s CEO, Bob Sasser. If Dollar General won the bidding for its dollar-store rival, Rick Dreiling, itsMore »

Dollar General to Family Dollar: It’s Not Over

Dollar General

GOODLETTSVILLE, Tenn.-Responding to the rejection of its offer for Family Dollar, Dollar General said it would continue to pursue an acquisition of its dollar-store rival. Yesterday, Family Dollar said its board had turned down Dollar General’s proposal, which amounted to about $9.7 billion in an all-cash deal. The company also said the board had alsoMore »

Family Dollar to Go with Dollar Tree, Turns Down Dollar General

Family Dollar

MATTHEWS, N.C.-Citing antitrust issues, Family Dollar’s board of directors has unanimously rejected Dollar General’s bid to acquire its dollar-store rival, three days after Dollar General made the proposal. On Aug. 18, Dollar General announced its all-cash bid of about $9.7 billion to purchase Family Dollar. In today’s statement, the Family Dollar board unanimously reaffirmed itsMore »

Dollar General Bids for Family Dollar

Dollar General

GOODLETTSVILLE, Tenn.-A little more than three weeks after Dollar Tree apparently cut a deal to acquire Family Dollar, Dollar General has made its own proposal to purchase its rival dollar-store chain. Dollar General’s bid, which was delivered this morning in a letter to Family Dollar’s board of directors, is for $78.50 a share in cash,More »

Dollar General Names Harvard’s Price to Board

Paula Price

GOODLETTSVILLE, Tenn.-Paula Price, senior lecturer at Harvard Business School, has been appointed to Dollar General’s board of directors, effective Aug. 26. Price’s election brings the number of Dollar General board members to eight. She will serve on the board’s audit committee. Price has been senior lecturer at Harvard Business School since last month. Prior toMore »

Dollar General’s Dreiling to Retire

Rick Dreiling

GOODLETTSVILLE, Tenn.-Rick Dreiling, Dollar General’s chairman and CEO, has said he intends to retire on May 30 of next year, or upon the naming of a successor. The 60-year old Dreiling has served as Dollar General’s CEO since January 2008 and was named chairman in December of that year. A Dollar General statement said theMore »

Dollar General to Enter Three New States

Dollar General

GOODLETTSVILLE, Tenn.-Dollar General will establish its first presence in Maine, Oregon and Rhode Island with store openings within the next year. The dollar-store retailer will begin construction on stores in Maine and Rhode Island this fall, and will expand into Oregon in early 2015. Once these stores are open, Dollar General will have locations inMore »

Dollar General Q1 Net Up Slightly

Dollar General

GOODLETTSVILLE, Tenn.-While sales made a healthy gain in the quarter, rising expenses dampened the bottom line for Dollar General, whose net income edged up 1.1 percent to $222.4 million. Net sales totaled $4.5 billion, up 6.8 percent and including a same-store sales increase of 1.5 percent. Rick Dreiling, Dollar General’s chairman and CEO, noted thatMore »