Dollar General agrees to $7.3 bln buyout

Discount retailer Dollar General Corp. on Monday said it agreed to be acquired by affiliates of private equity firm Kohlberg Kravis Roberts & Co. in a transaction with a total value of about $7.3 billion.
Under the terms of the deal, which includes roughly $30 million of debt assumption, Dollar General's shareholders will receive $22 in cash for each share of Dollar General common stock they hold, a premium of 31% over its $16.78 closing share price on March 9.
Shares were up nearly 28% in premarket trading.

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- Posted: 2007-03-12 09:55:03

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