Dollar General (DG) Goes Hostile in Buyout Bid

Morning Money Memo:

The polite fight over Family Dollar may be about to get down and dirty. Dollar General is going hostile with its $9.1 billion bid after repeated rejections of previous offers by its rival. In July, Family Dollar accepted a smaller buyout offer from Dollar Tree and is resisting the rival bid because of antitrust concerns. The hostile move by Dollar General may lead to a months-long takeover battle to remake the dollar store business landscape. The three largest retailers are all under pressure, facing more competition from Walmart and other chains.

Things are pretty tough in burgerville. McDonald's, the once invincible fast-food giant, reported another quarter of sagging sales as many Americans lose their taste for high-fat fried food. Sales of soda, cereal and many packaged foods are also down. But there's one big exception to the trend toward healthy and fresh products. "Sales of Pop-Tarts have gone up each year for the past 32," reports The Wall Street Journal. "The super sweet, slightly cardboard-tasting rectangles defy most eating trends big food companies are chasing."

Apple has become a fashion company with its launch of the Apple Watch. Tuesday's widely anticipated smartwatch announcement is Apple's first move into a completely new product line since the iPad was launched in 2010. The reception from industry analysts and others has been mostly positive. "Both the new watch and the payment system, Apple Pay, appear to be of a level of polish that suggests the company still possesses the capacity to invent new products and services that can define an entire industry," Farhad Manjoo of The New York Times says. Bloomberg's Leonid Bershidsky writes: "Jony Ive, the designer behind Apple's triumphs of the Steve Jobs era, has outdone himself. Various smartwatches have tried to be pretty, expensive looking and Swiss-watch-like. Ive has delivered what is instantly recognizable as the new category standard."

Nevada wants Tesla. Gov. Brian Sandoval is set to call state lawmakers into a special session today to consider an extraordinary package of tax breaks and incentives worth up to $1.3 billion to seal a factory construction deal. Sandoval says the plant and its 6,500 workers would generate more than 20,000 construction and other related jobs and up to $100 billion for Nevada's economy in the next 20 years.

Richard Davies Business Correspondent ABC News Radio abcnews.com Twitter: daviesnow