Business
Family Dollar Shareholders Approve Dollar Tree Takeover
This Tuesday, Aug. 19, 2014 photo shows the Family Dollar store in Ridgeland, Miss. (AP Photo/Rogelio V. Solis)
NEW YORK (AP) — The battle over dollar stores is nearly over. Family Dollar shareholders voted on Thursday to approve a takeover bid by rival Dollar Tree, despite higher competing offers from Dollar General.
The deal with Dollar Tree still needs to be approved by the Federal Trade Commission, but Family Dollar expects it to close by March.
Dollar Tree first offered to buy Matthews, North Carolina-based Family Dollar in July for about $8.5 billion. Dollar General offered higher bids that were repeatedly rejected. Dollar General’s pursuit of Family Dollar is now likely finished. It said in a statement that the vote was a loss for Family Dollar shareholders and shoppers, who would have benefited from lower prices in its stores.
“Family Dollar’s lack of engagement and a contracted transaction timeline ultimately prevented us from completing this transaction,” said Dollar General’s CEO Rick Dreiling.
Dollar General’s most recent bid for Family Dollar was about $9.1 billion. Family Dollar said it rejected Dollar General’s bids because it expected that it would be harder to get regulatory approval for the deal even though Dollar General was willing to sell as many as 1,500 stores.
A combination of Family Dollar and Chesapeake, Virginia-based Dollar Tree will create the largest dollar store company in the nation, with more than 13,000 stores. Dollar General, based in Goodlettsville, Tennessee, has more than 11,000 stores.
Shares of all three companies rose Thursday. Family Dollar Stores Inc. added 89 cents, or 1.2 percent, to close at $76.44. Dollar Tree Inc. rose $2.44, or 3.6 percent, to close at $70.25. Dollar General Corp. rose $2.56, or 3.8 percent, to close at $69.77.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Art
After 10-Year Wait, Fillmore Heritage Center Reopens in San Francisco
After serving as the economic and cultural hub of the Fillmore’s historically Black community for more than a decade, the center’s closure ended what was called the “Rebirth of the Cool,” referring to the neighborhood’s role during the height of Black Jazz in the United States.
By Linda Parker Pennington, Special to The Post
Last Saturday morning, the cloudy skies cleared just as the highly anticipated ribbon-cutting ceremony began, marking the reopening of the Fillmore Heritage Center at 1330 Fillmore and Eddy.
The complex – which had once included Yoshi’s Jazz Club, the Lush Life Art Gallery, the Koret Heritage Lobby, a 54-seat microcinema, and the Black-owned 1300 On Fillmore restaurant – shuttered in 2015.
After serving as the economic and cultural hub of the Fillmore’s historically Black community for more than a decade, the center’s closure ended what was called the “Rebirth of the Cool,” referring to the neighborhood’s role during the height of Black Jazz in the United States.
San Francisco Mayor Daniel Lurie announcing the reopening of the Fillmore Heritage Center. Erika Scott, owner of Honey Art Studio, looks on with pride. Photo by Linda Parker Pennington.
“The Fillmore is the most important neighborhood in San Francisco’s history for centering Black culture, music, business, and community, and has shaped this City and influenced the entire country,” said San Francisco Mayor Daniel Lurie to the gathering of more than 100 community leaders, business owners, and public officials. “This building reflects the deep roots of the Fillmore. Urban renewal left deep scars that are still felt today. This Center celebrates a strong Black community that continues to shape San Francisco. I am proud to join the community as we reopen the Fillmore Heritage Center.”
Although the previous stakeholders will not be returning to the center, spaces are available for nonprofit organizations and ventures, such as Fillmore native Ericka Johnson’s Honey Art Studio.
“This Center will be an economic engine and a thriving venue that shines a light on the Black-owned businesses in this neighborhood and lifts the entire district,” Lurie continued. “Our City is committed to this community for the long term.”
“We’re excited to collaborate with the City to finally reopen these doors,” said Ken Johnson, a videographer and community leader who’d been lobbying for the reopening of the center. “It’s an opportunity to showcase the entrepreneurship and creative spirit of this ‘Harlem of the West’ and the ‘Rebirth of the Cool,’ grounded in our uniquely gifted Fillmore community.”
This month, through its Office of Economic and Workforce Development, the city will begin renting the building’s noncommercial spaces for pop-up events celebrating local talent, arts, and entertainment primarily centered in the Fillmore.
Activism
Oakland Post: Week of June 3 – 9, 2026
The printed Weekly Edition of the Oakland Post: Week of June 3 – 9, 2026
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
Activism
Oakland Post: Week of May 27 – June 2, 2026
The printed Weekly Edition of the Oakland Post: Week of May 27 – June 2, 2026
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
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After 10-Year Wait, Fillmore Heritage Center Reopens in San Francisco
COMMENTARY: Black Music is the Sound of Black Freedom: Let Us Reclaim Both This Juneteenth
Oakland Post: Week of June 3 – 9, 2026
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Book Review: Books for College-Bound Students
Against All Odds: Mary Jackson’s Journey to NASA Engineer
Q&A with Steven Bradford: Why He Wants Your Vote for California Insurance Commissioner
Up to the Job: How San Francisco’s PRC Is Providing Work Opportunities That Turn Into Lasting Stability
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The Ladies of Delta Sigma Theta Hold Day of Advocacy at the Capitol in Sacramento
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Business
Family Dollar Shareholders Approve Dollar Tree Takeover
This Tuesday, Aug. 19, 2014 photo shows the Family Dollar store in Ridgeland, Miss. (AP Photo/Rogelio V. Solis)
NEW YORK (AP) — The battle over dollar stores is nearly over. Family Dollar shareholders voted on Thursday to approve a takeover bid by rival Dollar Tree, despite higher competing offers from Dollar General.
The deal with Dollar Tree still needs to be approved by the Federal Trade Commission, but Family Dollar expects it to close by March.
Dollar Tree first offered to buy Matthews, North Carolina-based Family Dollar in July for about $8.5 billion. Dollar General offered higher bids that were repeatedly rejected. Dollar General’s pursuit of Family Dollar is now likely finished. It said in a statement that the vote was a loss for Family Dollar shareholders and shoppers, who would have benefited from lower prices in its stores.
“Family Dollar’s lack of engagement and a contracted transaction timeline ultimately prevented us from completing this transaction,” said Dollar General’s CEO Rick Dreiling.
Dollar General’s most recent bid for Family Dollar was about $9.1 billion. Family Dollar said it rejected Dollar General’s bids because it expected that it would be harder to get regulatory approval for the deal even though Dollar General was willing to sell as many as 1,500 stores.
A combination of Family Dollar and Chesapeake, Virginia-based Dollar Tree will create the largest dollar store company in the nation, with more than 13,000 stores. Dollar General, based in Goodlettsville, Tennessee, has more than 11,000 stores.
Shares of all three companies rose Thursday. Family Dollar Stores Inc. added 89 cents, or 1.2 percent, to close at $76.44. Dollar Tree Inc. rose $2.44, or 3.6 percent, to close at $70.25. Dollar General Corp. rose $2.56, or 3.8 percent, to close at $69.77.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Art
After 10-Year Wait, Fillmore Heritage Center Reopens in San Francisco
After serving as the economic and cultural hub of the Fillmore’s historically Black community for more than a decade, the center’s closure ended what was called the “Rebirth of the Cool,” referring to the neighborhood’s role during the height of Black Jazz in the United States.
By Linda Parker Pennington, Special to The Post
Last Saturday morning, the cloudy skies cleared just as the highly anticipated ribbon-cutting ceremony began, marking the reopening of the Fillmore Heritage Center at 1330 Fillmore and Eddy.
The complex – which had once included Yoshi’s Jazz Club, the Lush Life Art Gallery, the Koret Heritage Lobby, a 54-seat microcinema, and the Black-owned 1300 On Fillmore restaurant – shuttered in 2015.
After serving as the economic and cultural hub of the Fillmore’s historically Black community for more than a decade, the center’s closure ended what was called the “Rebirth of the Cool,” referring to the neighborhood’s role during the height of Black Jazz in the United States.
San Francisco Mayor Daniel Lurie announcing the reopening of the Fillmore Heritage Center. Erika Scott, owner of Honey Art Studio, looks on with pride. Photo by Linda Parker Pennington.
“The Fillmore is the most important neighborhood in San Francisco’s history for centering Black culture, music, business, and community, and has shaped this City and influenced the entire country,” said San Francisco Mayor Daniel Lurie to the gathering of more than 100 community leaders, business owners, and public officials. “This building reflects the deep roots of the Fillmore. Urban renewal left deep scars that are still felt today. This Center celebrates a strong Black community that continues to shape San Francisco. I am proud to join the community as we reopen the Fillmore Heritage Center.”
Although the previous stakeholders will not be returning to the center, spaces are available for nonprofit organizations and ventures, such as Fillmore native Ericka Johnson’s Honey Art Studio.
“This Center will be an economic engine and a thriving venue that shines a light on the Black-owned businesses in this neighborhood and lifts the entire district,” Lurie continued. “Our City is committed to this community for the long term.”
“We’re excited to collaborate with the City to finally reopen these doors,” said Ken Johnson, a videographer and community leader who’d been lobbying for the reopening of the center. “It’s an opportunity to showcase the entrepreneurship and creative spirit of this ‘Harlem of the West’ and the ‘Rebirth of the Cool,’ grounded in our uniquely gifted Fillmore community.”
This month, through its Office of Economic and Workforce Development, the city will begin renting the building’s noncommercial spaces for pop-up events celebrating local talent, arts, and entertainment primarily centered in the Fillmore.
Activism
Oakland Post: Week of June 3 – 9, 2026
The printed Weekly Edition of the Oakland Post: Week of June 3 – 9, 2026
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
Activism
Oakland Post: Week of May 27 – June 2, 2026
The printed Weekly Edition of the Oakland Post: Week of May 27 – June 2, 2026
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
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The Marin City Flea Market Is Back
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Activism3 weeks ago
California Launches Free Diaper Program for Newborns Statewide
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Activism3 weeks ago
The Ladies of Delta Sigma Theta Hold Day of Advocacy at the Capitol in Sacramento
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Activism4 weeks ago
EBMUD Enshrines the Legacy of its First Black Board Member William ‘Bill’ Patterson
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