Family Dollar Rejects Dollar General Bid

By CNN

Published 08/21 2014 09:32AM

Updated 08/21 2014 09:41AM

Family Dollar has rejected a nearly $10-billion buyout bid from Dollar General.

Family Dollar says it's sticking with an agreement to merge with Dollar Tree for less money.

Family Dollar released a statment saying, "it was rejected "on the basis of antitrust regulatory considerations."

All three of the chains specialize in low-cost consumers goods.

Dollar General calls itself the largest discount retailer in the U.S., with more than 11,000 stores in 40 states.

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