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The Wall Street Journal reports this morning that Dollar General Corp. has “agreed to be acquired by affiliates of Kohlberg Kravis Roberts & Co. for $6.92 billion, plus assumed debt of $380 million.”

Dollar General has been experiencing significant turmoil in recent times – the company went two years without a president, is closing some 400 stores, and net profits were down in the last quarter.
KC's View:
Dollar General CEO David A. Perdue called fiscal 2007 "a year of transition."

Little did they know. Or maybe they did.