- A deal to combine Dollar Tree (NASDAQ:DLTR) and Family Dollar (FDO) will create an estimated $300M in annual run rate synergies by the end of the third year after the closing date.
- Family Dollar CEO Howard Levine is slated to be added to the board of directors at Dollar Tree.
- Dollar Tree says it will finance the acquisition through cash it holds, bank debt syndication, and a new bond offering.
- A conference call is scheduled for 8:30 a.m. ET.
- FDO +22.4% premarket to $74.25.
More on the Dollar Tree-Family Dollar merger
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Symbol | Last Price | % Chg |
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DLTR | - | - |
Dollar Tree, Inc. |