Dollar Tree buying Family Dollar

Last-Minute Gift Options At Dollar Stores

Family Dollar store (File photo)

NEW YORK (CNNMoney) — If everything in its stores costs a buck, it will take 8.5 billion items sold for Dollar Tree stores to buy rival Family Dollar.

Dollar Tree is buying its larger rival for $74.50 a share in cash and stock, 23% more than Family Dollar’s closing price on Friday, for a total value of $8.5 billion.

Combined, the two chains have more than 13,000 stores and annual revenue of $18 billion. That would surpass the current leader in the dollar-store sector, Dollar General, which has more than 11,000 stores and revenue of $17.5 billion.

Dollar Tree plans to continue to operate both the Dollar Tree and Family Dollar brands after the merger is completed. It expects the deal to close early next year.

(Read more)

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1 Comment

  • Frequent secret shopper

    Now if only someone would do something about that dysfunctional
    so called dine store, Dollar General , Rude employees , Nasty shopping conditions, The air conditioning in the summer time never works! (Walmart are you getting this complaint because your stores operate the same way )
    Just unpleasant all the way around right from the top down!