WSJ: Dollar Tree will acquire the struggling discount retailer in a cash-and-stock deal valued at about $8.5 billion.
WSJ: Dollar Tree will acquire the struggling discount retailer in a cash-and-stock deal valued at about $8.5 billion.
The agreement, which provides Family Dollar with a roughly 23% premium over the company’s closing stock price Friday, comes as activist investor Carl Icahn has been pushing for a sale of Family Dollar and threatening to replace the discount retailer’s board. Mr. Icahn has amassed a nearly 9.4% stake in Family Dollar, according to a recent regulatory filing.
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