Key Developments: Dollar General Corp (DG.N)

DG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Dollar General Corp announces stepping down of CFO
Thursday, 12 Mar 2015 07:01am EDT 

Dollar General Corp:Says David Tehle, CFO will retire, effective July 1.  Full Article

Dollar General Corp approves regular quarterly cash dividend
Thursday, 12 Mar 2015 07:00am EDT 

Dollar General Corp:Approved the initiation of a regular quarterly cash dividend to shareholders.The first quarter dividend of $0.22 per share will be payable on April 22 to shareholders of record of the company's common stock on April 8.  Full Article

Dollar General Corp gives FY 2015 same-store sales guidance; gives FY 2015 guidance
Thursday, 12 Mar 2015 07:00am EDT 

Dollar General Corp:Expects FY 2015 total sales to increase 8 to 9 percent over the FY 2014.Expects FY 2015 Same-store sales to increase 3 to 3.5 percent.Expects FY 2015 operating profit to increase 7 to 9 percent over the FY 2014 adjusted operating profit.FY 2015 revenue of $20.54 billion and EBIT of $1.98 billion - Thomson Reuters I/B/E/S.  Full Article

Dollar General Corp extends tender offer to acquire Family Dollar to Jan. 30, 2015
Tuesday, 23 Dec 2014 11:38am EST 

Dollar General Corp:Announced that it has extended its tender offer to acquire all outstanding shares of Family Dollar Stores Inc for $80.00 per share in cash to Jan. 30, 2015, unless further extended.Says the tender offer was previously set to expire, on Dec. 31, 2014.All other terms and conditions of the tender offer remain unchanged.  Full Article

Dollar General Corp updates FY 2014 guidance
Thursday, 4 Dec 2014 07:00am EST 

Dollar General Corp:Updates FY 2014 total sales to increase by about 8.0 pct over the FY 2013, which is at the low end of the company's previous guidance range of 8.0 to 9.0 percent.Updates FY 2014 Same-store sales to increase at or slightly below the previous guidance range of 3.0 pct to 3.5 pct, with expected same-store sales growth of about 5.0 pct in the Q4 2014 as compared to the Q4 2013.Updates FY 2014 Adjusted diluted EPS to be in the middle of the company's previous full year guidance range of $3.45 to $3.55.Reported revenue of $17.50 bln in FY 2013.FY 2014 revenue of $18.95 and EPS of $3.50 - Thomson Reuters I/B/E/S.  Full Article

Dollar General Corp affirms commitment to acquisition of Family Dollar Stores Inc
Wednesday, 19 Nov 2014 03:13pm EST 

Dollar General Corp:Affirmed commitment to acquisition of Family Dollar Stores Inc.Dollar General is actively engaged in discussions with Federal Trade Commission regarding extent of potential divestitures that would be required in connection with acquisition of Family Dollar and has been making progress.Dollar General will continue to work with the FTC and expects to provide update in coming weeks to allow Family Dollar shareholders sufficient time to review such information prior to Family Dollar shareholders' meeting scheduled for Dec. 23.Goldman, Sachs & Co. is acting as financial advisor to Dollar General. KKR Capital Markets and MCS Capital Markets are advising Dollar General on financing.Simpson Thacher & Bartlett LLP is acting as legal counsel.  Full Article

Dollar General Corporation extends tender offer to acquire family dollar to oct. 31, 2014
Wednesday, 1 Oct 2014 08:30pm EDT 

Dollar General Corporation:Says that it has extended its tender offer to acquire all outstanding shares of Family Dollar Stores Inc. for $80.00 per share in cash to 5:00 p.m. New York City time on Oct. 31, 2014, unless further extended.The tender offer was previously set to expire at 5:00 p.m. New York City time on Oct. 8, 2014.All other terms and conditions of the tender offer remain unchanged.As of 5:00 p.m. New York City time on Sept. 30, 2014, 126,499 shares of Family Dollar common stock have been validly tendered into, and not withdrawn from, the tender offer.The tender offer statement and related materials have been filed with the SEC.Goldman, Sachs & Co. is acting as financial advisor to Dollar General.KKR Capital Markets and MCS Capital Markets are advising Dollar General on the financing.Simpson Thacher & Bartlett LLP is acting as its legal counsel.  Full Article

Dollar General remains committed to acquisition of Family Dollar Stores Inc
Wednesday, 17 Sep 2014 05:29pm EDT 

Family Dollar Stores Inc:Response to decision by Board of Family Dollar Stores, Inc. to reject Dollar General's tender offer to acquire all outstanding shares of Family Dollar for $80.00 per share in cash, Dollar General Corporation stated that it remains committed to acquiring Family Dollar.Acquire in a transaction that would deliver superior value to Family Dollar shareholders and is capable of being completed on the terms proposed.The Company also stated that it remains confident in both its antitrust strategy and the analysis performed by its antitrust advisors.  Full Article

Family Dollar Stores Inc Board rejects Dollar General's Illusory Tender Offer
Wednesday, 17 Sep 2014 08:27am EDT 

Family Dollar Stores Inc:Says its Board unanimously recommends that Family Dollar's shareholders reject the unsolicited conditional tender offer made by Dollar General Corp and not tender their shares.In conjunction with its rejection of Dollar General's offer, Family Dollar's Board unanimously reaffirms its recommendation in support of the transaction with Dollar Tree, Inc.Morgan Stanley & Co. LLC is serving as exclusive financial advisor to Family Dollar and Cleary Gottlieb Steen & Hamilton LLP is serving as legal counsel.  Full Article

Dollar General Corp responds to Family Dollar rejection of enhanced offer
Friday, 5 Sep 2014 01:00pm EDT 

Dollar General Corp:In response to decision by Board of Directors of Family Dollar Stores, Inc. 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 stated that it remains committed to acquiring Family Dollar.Says it 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.  Full Article

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Dollar General to speed up new store openings as rivals merge

- Dollar General Stores Inc said on Thursday it plans to accelerate new store rollouts in a bid to bolster its position among U.S. discount retailers after failing to upend a merger agreement between rivals Family Dollar and Dollar Tree .

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