Dollar General extends Family Dollar tender offer

GOODLETTSVILLE, Tenn. — Dollar General on Wednesday announced that it has extended its tender offer to acquire all outstanding shares of Family Dollar Stores for $80.00 per share in cash (including associated preferred share purchase rights) to 5 p.m. on Oct. 31, unless further extended. The tender offer was previously set to expire at 5 p.m. on Oct. 8. All other terms and conditions of the tender offer remain unchanged.

 

As of 5 p.m. on Sept. 30, 126,499 shares of Family Dollar common stock have been validly tendered into, and not withdrawn from, the tender offer.

 

The tender offer statement and related materials have been filed with the SEC.

 

Goldman, Sachs & Co. is acting as financial advisor to Dollar General. KKR Capital Markets and MCS Capital Markets are advising Dollar General on the financing. Simpson Thacher & Bartlett is acting as its legal counsel.