KKR Completes Acquisition of Dollar General

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KKR Completes Acquisition of Dollar General

07/09/2007
GOODLETTSVILLE, Tenn. -- National discount chain Dollar General Corp. here said Friday it has completed its merger with affiliates of Kohlberg Kravis & Roberts & Co. L.P.; GS Capital Partners, an affiliate of Goldman Sachs; Citi Private Equity; and other equity co-investors. The total enterprise value of the transaction, which was approved by Dollar General's shareholders at a special meeting on June 21, is approximately $7.3 billion.

Pursuant to the terms of the merger agreement, Dollar General's shareholders will receive $22 in cash for each share of Dollar General's common stock that they hold.

Dollar General's common stock will cease to trade on the New York Stock Exchange prior to the opening of trading on July 9. Under private ownership, Dollar General's common stock will no longer be listed on the NYSE.

Dollar General operates more than 8,000 neighborhood stores, including a grocery-heavy concept called Dollar General Market.