GOODLETTSVILLE, Tenn. (AP) — Dollar General is boosting its bid for rival Family Dollar to approximately $9.1 billion and says it's now willing to more than double the number of stores it would shed to avoid trouble with regulators.
The newest bid from Dollar General is worth $80 per share, up from $78.50. Dollar General's previous bid, worth nearly $9 billion, was rejected by Family Dollar in favor of an offer of about $8.5 billion one Dollar Tree Inc.
GALLATIN, Tenn. (AP)/WMOT — State and local dignitaries joined officials from gun-maker Beretta USA to break ground on a new factory here in the mid-state this morning.
Berretta announced in January that it would build a new manufacturing and research facility Gallatin.
Last month the company made a further announcement that it would move all of its weapons production to Tennessee. That move came in response to the passage of strict gun-control law legislation in Maryland.
NASHVILLE, Tenn. (AP/WMOT) General Motors announced this morning that it will move production of the next-generation Cadillac SRX crossover SUV from Mexico to its plant in Spring Hill.
It was unclear how many new jobs the move would create. The Spring Hill factory complex now employs about 1,600 hourly workers.
United Auto Workers Union Spring Hill Local President Tim Stannard recently told WMOT it’s good to see the plant thrive again. He noted that the number of workers at the plant had fallen from a high of more than 6,000 to about 500.