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U.K.'s Dixons, Carphone Warehouse in $6.4B tie-up

  • U.K. chain stores Carphone Warehouse and Dixons Retail (DSITF) have agreed to merge in a £3.8B ($6.4B) all-stock deal.
  • With Carphone being Europe's largest independent mobile-phone retailer and Dixons being the second-biggest electricals chain store on the continent, the deal will create a powerful pan-European player with 2,900 outlets.
  • The new company will be called Dixons Carphone, with shareholders of each firm receiving 50% in the new entity. (PR)
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