Dollar General to be Acquired in Multi-Billion Dollar Deal

Dollar General Corporation announced on March 12, 2007, that it's being acquired by the private-equity firm Kohlberg Kravis Roberts and Company.

Dollar General moved its corporate headquarters from Scottsville, Ky., to Goodlettsville, Tenn., back in 1998. However, the distribution center remained in Scottsville and is still there today.

The nearly $7 billion deal will take the discount retailer private if approved by Dollar General shareholders.

Dollar General's board is recommending it's shareholders vote in favor of the deal.