Because the economic recovery we’ve all been told is happening never really arrived, dollar stores across the United States are doing big business these days. Because of that, there’s a huge takeover battle going on between the nation’s three largest dollar store retailers. Apparently, there’s billions to be made, one dollar at a time. Family Dollar Stores (FDS) originally rebuffed an unsolicited $9.1 billion offer from its larger competitor, Dollar General Corp. (DGC), citing anti-trust risks. Ironically, it already had a deal to sell to Dollar Tree Inc. (DTI) for $8.5 billion. DGC is now taking hostile action in its…
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At the end of 2013, private equity firms were sitting on a cache of at least $1 trillion, according to a report from Bain & Company. This marks a $159 billion increase from the closeout at the end of 2012. The expected result of this capital bubble isn’t just more deals, but at much higher valuations, as well. As Fortune magazine put it, “…the capital tail will wag the deal dog.” For more information on that unique M&A scenario, read Dan Primack’s article at Fortune/CNNMoney. [button color=”blue” link=”http://finance.fortune.cnn.com/2014/03/05/private-equity-overhang-tops-1-trillion/?iid=SF_F_River” target=”_blank” font=”arial” align=”left”]Read Full Article[/button]