Dollar General Commences Cash Tender Offer to Acquire Family Dollar At $80 Per Share

GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--Dollar General Corporation (NYSE: DG) today announced that it has commenced a tender offer to acquire all outstanding shares of Family Dollar Stores, Inc. (NYSE: FDO) for $80.00 per share in cash. The offer is scheduled to expire at 5:00 p.m., New York City time, on October 8, 2014, unless the offer is extended. The full terms, conditions and other details of the tender offer are set forth in the offering documents that Dollar General will file today with the Securities and Exchange Commission (“SEC”). Dollar General also will promptly file for clearance under the Hart-Scott-Rodino (“HSR”) Act, which will allow the Company to begin the antitrust approval process with the Federal Trade Commission (“FTC”).