Dollar General has reaffirmed its commitment to acquiring Family Dollar following rejection of its non-binding proposal yesterday (21 August) over antitrust concerns.

In a statement, CEO Rick Dreiling said the company was "disappointed" Family Dollar's board had concluded its proposal was "not reasonably expected to lead to a superior proposal without informing itself of all relevant information".

"We have done extensive antitrust analysis using experienced advisers, the results of which confirm that the transaction as proposed is capable of being completed. We remain willing to share this analysis with Family Dollar and its counsel and are confident that we will be able to quickly and efficiently resolve any potential antitrust issues."

Dreiling said the company is "carefully reviewing and considering" its options, and reaffirmed that its offer is "superior" to Family Dollar's current transaction agreement with Dollar Tree.

Dollar Tree's deal is valued at $74.50 per share, a 22.8% premium over Family Dollar's closing price as of 25 July. Dollar General bid $78.50 per share for Family Dollar Stores.