According to a statement that came out on Wednesday, that the boards of director of the Family Dollar (NYSE:FDO) Stores Inc. has a special piece of advice for the shareholders of the company and that was not to accept the $9.1 billion takeover of hostile nature by the Dollar General (NYSE:DG) Corp.

It has happened twice that the board has said no to the offers put forward by the Dollar General Corp (NYSE:DG). It happened again when the board of Family Dollars rejected the offer and preferred their contract of worth 8.5 billion dollars, with the Dollar Tree (NASDAQ:DLTR) Inc. which is based in Virginia.

This time, Ed Garden, one of most important investors of the Family Dollar (NYSE:FDO) and a member of the board of directors (also the co-founder of the Trian Fund Management) has taken into special consideration the fact that the Dollar Tree (NASDAQ:DLTR) deal has actually removed the risk of antitrust off the scene. The company, Family Dollar (NYSE:FDO) has been seen quoting its concerns about antitrust over and over again and using it as a reason to reject the offers made by Dollar General (NYSE:DG).

Dollar General (NYSE:DG) has recently shown its willingness to let go of 1500 of its stores as an attempt to avoid the similar problems of antitrust with regulators.

According to the latest news feed from the Family Dollar (NYSE:FDO), Ed Garden has said that the attempts of a hostile takeover by the Dollar General (NYSE:DG) will not meet its successful end because he believes that the regulators will look at the antitrust issues and will reject it straight away.

Dollar General (NYSE:DG) has declared that their offer is valid for a limited time only and the validity of their offers will expire on the 8^th of October at 5 in the evening unless there is some extension in the proposal. The company, Dollar Genera (NYSE:DG), has also declared that is will quickly file applications to start on the procedure with Federal Trade Commission for the approval of antitrust.

Currently the company, Dollar General (NYSE:DG), is putting forward an offer according to which the price of each share of Family Dollar (NYSE:FDO) will be eighty dollars. On the other hand Family Dollar (NYSE:FDO) is being offered a price of 74.50 dollar for each share by another company, aka Dollar Tree (NASDAQ:DLTR). It is believed that about 80 percent of the payment will be in cash and the remaining will be in stocks.

A variety store chain in America with as many as 8100 locations, Family Dollar (NYSE:FDO) is considered as the retailer that holds second place when it comes to the size. With its headquarters in Matthews, North Carolina, this company has 1400 people as its employees.  It is a public company that has food, housewares and clothing as their main products. The company generated revenue of 10.4 million dollars last year where as its operating income was 688 million dollars.

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