Family Dollar gets buyout offer
Family Dollar Stores, Inc. confirmed today that it has received an unsolicited conditional acquisition proposal from Trian Group. The offer was in the price range of $55 to $60 per share in cash, subject to due diligence, financing and other conditions. There are five Family Dollar stores in Colorado Springs. Family Dollar, a Fortune 500 company, was founded [...]
Ultra-discount retailer Family Dollar closed fiscal 2010 with its 10th consecutive quarter of double-digit earnings growth, a trend the chain expects to continue seeing Company officials have announced it will accelerate new store growth and launch a renovation effort to revamp existing sites. During last week’s earnings webcast of the 6,800-plus unit discount chain, Chairman [...]
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