Dollar Tree Buying Family Dollar For $8.5 Billion
Options
1CK1S
Members Posts: 27,471 ✭✭✭✭✭
Dollar Tree is buying rival discount store Family Dollar for about $8.5 billion. Among the big winners is billionaire investor Carl Icahn, who announced last month that he had purchased more than 9 percent of Family Dollar shares.
Stockholders of Family Dollar Stores will receive $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree for each share they own. The boards of both companies have unanimously approved the deal, which is expected to close by early next year.
Shares of Family Dollar jumped more than 20 percent after the merger was announced this morning. With flat living standards and cautious consumers, dollar stores have seen their sales rise in recent years.
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 (DG), 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.
Comments
-
Good for somebody, not for me tho.
Whoever saw this coming could've made some money.
Zillow also bought Trulia for 3.5 billion. -
Family Dollar Tree lol
-
? Carl Icahn...I need to stalk this ? and a few more billionaires
-
Dollar Tree on every corner like liquor stores. Them ? be everywhere
-
YES I hate Family Dollar. I went into one like four months ago and the employees were rude as hell. Hopefully, Dollar Tree will cease Family Dollar's operations like Rite Aid did Eckerd ? EM
-
So, will Dollar Tree raise their prices or will Family Dollar lower theirs?
-
Just read the whole article. It will be business as usual for a while then they will cease Family Dollar's operations. Every business says that ? .
-
yo, I was thinking about posting this props on making this thread. ON some real ? though I live in charlotte nc where family dollar hasheadquarters at and this is not a good look for my city. Alot of stores will be closed down and a lot of people will be outta work ? suck so bad. fuuuucccck carl icahn. He might have made a stronger company but at whos expense?
-
whatevathehell wrote: »yo, I was thinking about posting this props on making this thread. ON some real ? though I live in charlotte nc where family dollar hasheadquarters at and this is not a good look for my city. Alot of stores will be closed down and a lot of people will be outta work ? suck so bad. fuuuucccck carl icahn. He might have made a stronger company but at whos expense?
Yeah only people I feel bad for may be the employees. -
Good for somebody, not for me tho.
Whoever saw this coming could've made some money.
Zillow also bought Trulia for 3.5 billion.
I wrote a paper on them merging in one of my business classes. -
family dollar's round the way are extra ratchet....i seen some microwavable flavor chitlings bout 2 years ago......i dam near passed out
-
I live by the dollar tree yess... then Costco then Walmart
them stores run my life and never cud I survive without them -
Say word ? Did you base that on my market research - or just something you thought about as a consumer ? -
I feel like @sion suggested investing in one of them dollar stores a while ago and it was on my todo list but I forgot. I lose.
-
@sion is like the ? of stocks. Can't wait to see you on TV as the richest investor and broker.
-
Meanwhile Dollar General looking all aggy.
-
Dollar Tree is a big franchise.so many people go there
-
dollar general next
-
Dollar General ain't even a dollar store. More like a king supermarket. Can't even find Paper plates for a dollar there
-
It'd be a positive if they could clean them ? up. Dollar store be dusty as a MF.
-
Dollar Tree the goat
-
Can you buy food from the dollar stores in the US?
-
Didn't somebody on here make a thread where they were cooking "steaks" from the dollar store? The ? looked repugnant. I think I remember being able to smell the death stench through my monitor.
-
Dollar General >>>
-
they done built like eight family dollars around here in the last year or so. so what does that mean?
