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SEATTLE (AP) — The location of the three bodies was revealed by the melting snow, but getting to them was another matter. They were high on a glacier at one of the most treacherous spots on Mount Rainier, an area pummeled by falling ice and rocks.
Family Dollar Stores Inc rejected a $9 billion buyout offer from Dollar General Corp that it said could run foul of competition law, opting instead for a smaller bid from Dollar Tree Inc that guarantees a job for its CEO. Family Dollar, the second-largest dollar store in the United States, said it believed a deal with its larger rival would be unlikely to win antitrust approval, despite a promise by Dollar General to close up to 700 stores. "We will not jeopardize the Dollar Tree deal for a transaction with Dollar General that has a high likelihood of not closing due to antitrust considerations," said Ed Garden, an independent director on Family Dollar's board and co-founder of Trian Fund Management LP, a large shareholder. Trian Fund Management, led by activist investor Nelson Peltz, owned 7.3 percent stake in Family Dollar as of July 27.