Dollar General Outbids Dollar Tree for Family Dollar

The low-price retailer war is heating up: Dollar General made an all-cash bid of nearly $10 billion for Family Dollar, topping a deal Dollar Tree made last month. Dollar General is bidding $78.50 per Family Dollar share, to total $9.7 billion. Dollar General said the deal is superior to the $74.50 per share cash and stock offer Dollar Tree made last month. That deal has been valued at $8.5 billion. A Dollar General spokeswoman declined to comment on whether the board responded to the offer.