Family Dollar Rejects Sweetened $9.1 Billion Bid From Rival

Family Dollar Stores Inc. spurned a sweetened $9.1 billion bid from Dollar General Corp., saying it would be harder to get past antitrust regulators than a lower offer from Dollar Tree Inc.

Family Dollar’s board unanimously rejected Dollar General’s bid, which was announced on Sept. 2, and reaffirmed the agreement with Dollar Tree, according to a statement today. The move marks the second time the Matthews, North Carolina-based company has used antitrust concerns to turn down the unsolicited offer. Dollar General, the top U.S. dollar-store chain, said in a statement that it remained committed to pursuing a deal.