Dollar General had always been seen by some on Wall Street as the more natural buyer of Family Dollar until Dollar General’s CEO Rick Dreiling said in June that he would resign within a year. But Dreiling has now said he will stay on as CEO until May 2016.
The winners of a bidding war for Family Dollar are its biggest shareholders, which include hedge funds run by billionaires Nelson Peltz and John Paulson. Carl Icahn is also a large shareholder.
