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News : Dollar Tree To Buy Family Dollar For $8.5 Billion
Posted by Randy on 2014/7/28 9:46:23 (288 reads) News by the same author

The Wall Street Journal today is reporting Dollar Tree Incorporated has agreed to acquire Family Dollar Stores Incorporated in a cash-and-stock deal that values the struggling discount retailer at about $8.5 billion dollars.
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The agreement provides Family Dollar with a roughly 23 percent premium over the company's closing stock price Friday. The Journal reports the deal comes as investor Carl Icahn has been pushing for a sale of Family Dollar and threatening to replace the discount retailer's board.

Family Dollar operates one of its eight thousand stores in Trenton in the former Easter's variety store location.

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