- Dollar Tree (NASDAQ:DLTR) is buying rival Family Dollar (NYSE:FDO) in a cash-and-stock deal valued at about $8.5B.
- The value of the transaction is priced at $74.50 per share, a 22.8% premium over Family Dollar's closing price as of July 25, 2014. Stockholders of Family Dollar will receive $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree for each share they own.
- Unanimously approved by the boards of directors of both companies, the deal is expected to close by early 2015.
- DLTR +2.6%, FDO +21.2% premarket
at Zacks.com (Nov 17, 2014)