News

Dollar General remains committed to Family Dollar deal

BY Michael Johnsen

GOODLETTSVILLE, Tenn. — In response to the decision by the board of directors of Family Dollar Stores to reject Dollar General's tender offer to acquire all outstanding shares of Family Dollar for $80.00 per share in cash, Dollar General on Thursday stated that it remains committed to acquiring Family Dollar.
 
The company also stated that it remains confident in both its antitrust strategy and the analysis performed by its antitrust advisors.
 
"Dollar General has made every good faith effort to engage in constructive discussions with the Family Dollar board of directors," stated Rick Dreiling, chairman and CEO of Dollar General. "At each turn, despite Dollar General's superior proposals and to the detriment of the Family Dollar shareholders, the Family Dollar board has refused to engage, leaving Dollar General with no choice but to launch a tender offer," he said. "Rather than engaging with us in a meaningful and constructive manner, the Family Dollar board has continued its efforts to distract shareholders from the main issue at hand – that a superior proposal adequately addressing antitrust issues remains on the table. Through our tender offer, Dollar General has provided all Family Dollar shareholders a voice in this process, and we urge them to tender into our offer." 
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Family Dollar Stores donate $458,000 to Feeding America

BY Michael Johnsen

 

CHARLOTTE, N.C. — Family Dollar Stores on Thursday announced a $458,000 donation to Feeding America. The amount includes donations from Family Dollar and customers at more than 8,200 Family Dollar stores during the retailer’s "Feeding Families, Fueling Hope" campaign. The donation translates to more than 4.5 million meals for children and families in need. 
 
“At Family Dollar, helping families in crisis is very important to us,” stated Howard Levine, Family Dollar’s chairman and CEO. “We’re proud that our store teams and customers rallied behind such an important cause, and we know this donation will make a positive, lasting impact in communities we operate in, across the country.” 
 
Second Harvest Food Bank of Metrolina in Charlotte hosted a check presentation for Family Dollar and Feeding America. Following the presentation, Family Dollar Team Members assembled 1,000 backpacks for the Charlotte food bank’s weekend backpack program. 
 
“With 49 million people struggling with hunger, we know that we can’t solve the problem alone. We are happy that Family Dollar employees and customers are standing shoulder-to-shoulder with us to help ensure that kids and families in the communities we serve have enough food to eat,” said Leah Ray, SVP development at Feeding America. 
 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Mission Pharmacal’s new products showcase emission reduction of HFCs at White House Roundtable

BY Michael Johnsen

SAN ANTONIO — Mission Pharmacal on Tuesday participated in a White House Industry Leadership Roundtable discussion on ways to curb emissions of hydrofluorocarbons, using its recently launched zinc oxide aerosol spray products as an example to help set the environmental standard for aerosol performance, the company stated. 
 
The Dr. Smith's line of aerosol spray products contain Honeywell's patented Solstice Propellant to bring to market three new products used in the treatment and prevention of diaper rash and associated skin irritations in babies, adults and seniors.
 
"Mission Pharmacal always looks for ways to create innovative healthcare products," stated Neill Walsdorf, Jr., president of Mission Pharmacal. "Honeywell Solstice Propellant, with its environmental and safety profile, brings value to Dr. Smith's brand while vastly reducing environmental impact. This is a great product for moms and Mother Earth."
 
The three Dr. Smith's spray products are the first zinc oxide aerosol products available in the health-and-wellness category that are formulated with the Solstice Propellant, which is non-flammable, has ultra-low global warming potential, is not an HFC and is not a volatile organic compound. According to the company, Solstice Propellant has a GWP of less than 1, which is 99% lower than the GWP of HFC-134a, one of the most common propellants on the market today. 
 
Formulated Solutions, the manufacturer of these aerosol sprays, also played an important role in the development of these products.
 
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?