Family Dollar

Local News
3:12 pm
Wed November 19, 2014

Headline Roundup: Highway 74 Closed, Family Dollar Merger And More

Highway 74 Closer After Traffic Fatality 

Highway 74 is still closed in Monroe near CMC-Union. A section of the road has been shut down in both directions since shortly after 7 this morning, when a tractor trailer turned over onto a sheriff’s deputy’s patrol car. The deputy was killed in the accident. Authorities haven’t released that person’s name. The driver of the tractor trailer, Eddie Weeks of Fayetteville, faces a misdemeanor death by motor vehicle charge. The DOT hasn’t said whether that section of Highway 74 will reopen.

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Local News
6:08 pm
Wed September 10, 2014

Slew Of Mergers Not Unique To Charlotte

Credit Jeremy Brooks https://creativecommons.org/licenses/by-nc/2.0/

The discount chain Dollar General officially launched a hostile takeover bid for Matthews-based rival Family Dollar today. Ten miles up the road, banana giant Chiquita signed an agreement to open its books to Cutrale-Safra—a collaboration of Brazilian companies—which threatened a hostile takeover. The merger battles are part of a larger, post-recession economic trend.


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Local News
5:54 pm
Thu September 4, 2014

Icahn Exits, Family Dollar Considers Rival Bids

Credit Courtesy of Carl Icahn's Twitter page

The future of Family Dollar is uncertain—it’s in the midst of a bidding war as its board of directors decides whether to sell the company to Dollar Tree or Dollar General. But this much is certain: The billionaire investor who helped spur this pending ownership change is now cashing in.


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Local News
1:37 pm
Thu September 4, 2014

New Roundup: CMPD Arrests Moral Monday Protestor And More

Charlotte Mecklenburg police say officers did nothing wrong when they arrested a man for putting flyers on cars during a Moral Monday protest on Labor Day. Tyjuan Turner was released before he was booked; CMPD gave him a citation instead. Turner says officers approached him as he was distributing the flyers and told him he was breaking a city ordinance. He also complains that he asked to see the ordinance and that officers should have taken him straight to jail instead of moving him to an empty parking lot. CMPD says police are not required to show laws or ordinances when making an arrest and that it’s routine to remove an arrestee from the scene of a possible crime to ease tension.

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Local News
3:29 pm
Tue September 2, 2014

Headline Roundup: Duke Energy, Alcoa, transgender discrimination suit and more

Duke Energy and Piedmont Natural gas have chosen the developer for a new approximately $5 billion natural gas pipeline into eastern North Carolina. Virginia power company Dominion will build and operate the 550 mile pipeline. It will move natural gas from a transmission facility in Harrison County, West Virginia through Virginia, entering North Carolina in Northampton County and ending at a Piedmont plant in Robeson County. Electric companies, including Dominion and Duke, will use the gas to fire power plants.

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Local News
2:36 pm
Thu August 21, 2014

Family Dollar Rejects Dollar General's Acquisition Attempt

Credit Jennifer Lang / WFAE

Matthews-based discount chain Family Dollar announced Thursday it's rejected a bid by rival Dollar General. Family Dollar is sticking with an earlier offer from Dollar Tree, even though that offer is $1.2 billion smaller. 

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Business
4:35 pm
Mon August 18, 2014

Dollar General Starts Bidding War For Family Dollar

Family Dollar's headquarters in Matthews.
Credit Jennifer Lang / WFAE

A bidding war is underway to buy Matthews-based retail discounter Family Dollar. A few weeks ago, Dollar Tree agreed to an $8.5 billion deal with Family Dollar.

On Monday, Dollar General CEO says his company is willing to pay $9.7 billion. Plus a $300 million break-up fee for Family Dollar to renege on its merger agreement. 


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Local News
2:57 pm
Mon July 28, 2014

How Much Will Icahn Pocket In Family Dollar Sale? (Hint: A lot)

Activist Investor Carl Icahn
Credit Courtesy of Carl Icahn's Twitter page

How much is it worth to get your way? Sure, bragging rights and a sense of satisfaction may be priceless, but few would turn down the check billionaire investor Carl Icahn is set to get now that Dollar Tree intends to purchase Family Dollar for $8.5 billion.

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Charlotte Observer
9:24 am
Mon July 28, 2014

Dollar Tree To Acquire Matthews-based Family Dollar For $8.5 Billion

Credit Jennifer Lang / WFAE

Dollar Tree, the nation’s leading discount variety store, announced Monday morning that it is buying Matthews-based Family Dollar Stores Inc.

The cash-and-stock deal has a value of $8.5 billion, company officials said. It heads off a potentially long and ugly proxy fight with activist investor Carl Icahn, who has been pushing to force a sale of the company.

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Local News
5:30 pm
Thu July 10, 2014

Family Dollar Announces Lower Earnings, Plans To Sell Beer And Wine

Credit WFAE

Family Dollar yesterday announced net income for the third quarter fell by 33 percent to $81.1 million. Same store sales dropped 1.8 percent over the same period last year. 


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