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Dollar Tree To Buy Family Dollar For $8.5 Billion
July 28, 2014
Dollar Tree, the nation’s leading operator of discount variety stores selling everything for $1 or less, is purchasing Family Dollar.
The board of directors of both companies have unanimously approved the sale, which was announced early Monday morning. The deal is valued at $74.50 per share, with Family Dollar shareholders to receive $59.60 in cash and $14.90 equivalent in Dollar Tree shares, or about $8.5 billion, when the transaction is closed by early 2015.
Both chains will continue to operate under the Dollar Tree and Family Dollar names.
Family Dollar operates stores throughout the North Escambia area, including Davisville, Century, Flomaton, Jay, Atmore, Cantonment and Pensacola. There’s no word if any of Family Dollar’s nationwide stores will close as a result of the merger.
Dollar Tree operates store in the North Escambia area in Pensacola and Atmore.
Pictured: The Family Dollar store in Century opened in August 2012. NorthEscambia.com file photo, click to enlarge.
Comments
3 Responses to “Dollar Tree To Buy Family Dollar For $8.5 Billion”
That’s a lot of dollars.
Hope the keep the Family Dollar and The Dollar Tree open in Brewton. I would hate to see another empty building in Brewton.
Woo-Hoo!!!
Businesses, schools, churches, etc., can order from Dollar Tree on line and then pick up the order at their chosen store which avoids shipping costs. This works just like Sam’s but there is no membership!