Reginal Thomas
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Dollar General Corp. Offers $9.7 Billion To Buy Family Dollar

Dollar General Corp. has announced a big to buy Family Dollar Stores Inc. for $9.75 billion. This surpasses the bid Dollar Tree Inc. offered. Family saw its share rise 5% to $79.87 just pass the offer price of $78.50, which has lead analysts to anticipate a bidding war. Joseph Feldman an analyst for Telsey Advisory Group said, “Both Dollar General and Dollar Tree have some capacity to go a little bit higher with the offer price.”