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Moody’s reviews Dollar General
Moody's Investors Service said placed all ratings of Dollar General Corp. on review for downgrade.
The review follows from Dollar General's announcement that it made an unsolicited all-cash offer valued at $9.7 billion to acquire Family Dollar Stores, Inc. (Baa3/review for downgrade).
Moody’s said the review for downgrade reflects its anticipation of higher leverage that would result from the proposed acquisition and the uncertain outcome of the unsolicited offer, which may not be accepted by Family Dollar or could result in a transaction that is materially different from the one proposed.
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