Family Dollar and Dollar Tree

Dollar Tree: The transaction is set to close in early 2015, and will make Dollar Tree a leading discount retailer in North America, with more than 13,000 stores in 48 states and five provinces, and sales of more than $18-billion. The resulting discount chain would have more locations than any other retailer in the United States, according to Bloomberg, according to The Toronto Star, Canada. The transaction fulfills the ambitions of two billionaire activist investors, Carl Icahn and Nelson Peltz, who had acquired major stakes in Family Dollar and pushed for a sale and In a deal that will create a discount chain with more than $18 billion U.S. in sales, Dollar Tree, Inc. announced Monday that it will acquire the struggling Family Dollar Stores, Inc. with a purchase worth $9.2-billion U.S. , including debt. The Virginia-based Dollar Tree operates 200 stores in Canada, with a stated goal of opening 1,000, selling items at $1.25 or less. Dollar Tree will pay $74.50 U.S. a share in cash and stock, 23 per cent above Family Dollars closing price at the end of last week. Analysts said that the deal should have little effect on Candian discount chain Dollarama, however. (news.financializer.com). As reported in the news.