Good news for me ’cause the closest FD store near me creeps me out while I love everything DT (staff, selection, everything) – maybe FD will get a reboot!. Here’s the story from The New York Times:
Updated, 7:06 a.m. | Dollar Tree agreed on Monday to buy Family Dollar Stores for about $8.5 billion in cash and stock, uniting two of North America’s biggest deep-discount retailers.
The deal comes amid pressure on Family Dollar by the activist investor Carl C. Icahn, who urged the company last month to explore a sale of itself. But Family Dollar said in a statement that it had been exploring strategic options since the winter.
Under the terms of Monday’s deal, Dollar Tree will pay $74.50 for each share of Family Dollar. The bid is made up of $59.60 a share in cash and Dollar Tree stock worth about $14.90. Including debt, the deal values the target company at about $9.2 billion.
The bid represents a premium of nearly 23 percent to Family Dollar’s closing price on Friday. Read the entire article here.














