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Conditions for Hagerstown, MD, US

3 mph SE | 0.03 mi
Your local forecast:

Thu Fri
86°F/67°F 83°F/67°F
Sunrise / Sunset:
6:27 am / 7:57 pm
data courtesy of Weather.com

File of a Family Dollar store is seen in Chicago(Reuters) - Family Dollar Stores Inc rejected Dollar General Corp's $8.95 billion acquisition offer, citing antitrust concerns, and reaffirmed its support for a buyout offer from Dollar Tree Inc . " ... We will not jeopardize the Dollar Tree deal for a transaction with Dollar General that has a high likelihood of not closing due to antitrust considerations," Ed Garden, an independent director on Family Dollar's board, said in a statement on Thursday. Garden is also a co-founder and partner at Trian Fund Management LP, which was Family Dollar's second-largest shareholder as of July 27, with a 7.3 percent stake. Dollar General, in a letter to Family Dollar's board late on Wednesday, questioned if Family Dollar Chief Executive Howard Levine was being driven by self-interest in his support of Dollar Tree's offer.

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Distrust all those who love you extremely upon a very slight acquaintance and without any visible reason.

Chesterfield (1694-1773) English Statesman and Author