In response to the decision by the Board of Directors of Family Dollar Stores, Inc. FDO to reject Dollar General's enhanced all-cash proposal to acquire all outstanding shares of Family Dollar for $80.00 per share, Dollar General Corporation DG today stated that it remains committed to acquiring Family Dollar and is currently evaluating its next steps.
Goldman, Sachs & Co. is acting as financial advisor to Dollar General and Simpson Thacher & Bartlett LLP is acting as its legal counsel.
About Dollar General Corporation
Dollar General Corporation has been delivering value to shoppers for 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, house wares and seasonal items at low everyday prices in convenient neighborhood locations. With more than 11,500 stores in 40 states, Dollar General has more retail locations than any retailer in America. In addition to high quality private brands, Dollar General sells products from America's most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo. For more information on Dollar General, please visit www.dollargeneral.com.
Investors:
Dollar General Corporation
Mary
Winn Pilkington, 615-855-5536
Emma Jo Kauffman, 615-855-5525
or
Media:
Brunswick
Group
Steve Lipin or Shahed Larson, 212-333-3810
or
Dollar
General Corporation
Media Hotline, 877-944-DGPR (3477)
Dan
MacDonald, 615-855-5209
Crystal Ghassemi, 615-855-5210
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