Dollar General's stock closed at $16.78 on Friday. The dealincludes the assumption of about $380 million in debt for New YorkCity-based KKR.
The acquisition is a continuation of the trend of private-equityfirms buying up large retailers and restaurant operators and takingthem private. Among the chains that were bought last year wereOutback Steakhouse, Yankee Candle Co. and Petco.
Kohlberg is not new to the retail industry. The firm is one ofthe entities that acquired the Toys "R" Us chain in March 2005 for$8.6 billion. It has also had previous investments in discountdepartment-store chain Fred Meyer and Regal Cinemas.
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