Dollar General Corp. and Family Dollar

Family Dollar: Paul Singer s Elliott Advisors Ltd. disclosed a 4.9 percent stake in Family Dollar Stores Inc. FDO , and is pushing the discount retailer to sell to Dollar General Corp. DG , just like Carl Icahn did earlier this year, according to Bloomberg. Family Dollars 11-member board will be elected at its annual shareholder meeting, which is typically held in January. The vote on the Dollar Tree offer is expected to happen next month. If investors turn that down, then they may support Dollar Generals tender offer to buy Family Dollar, which would remove the need to revamp the board and Another activist investor has entered the dollar-store saga. Elliott backed up that sentiment by nominating seven directors, according to a statement yesterday. A revamped board will provide a even playing field for Dollar General, whose $80-a-share offer for Family Dollar was spurned in favor of a lower bid from Dollar Tree Inc. two months ago, Elliott said. (news.financializer.com). As reported in the news.