Atlas 1 Posted July 28, 2014 Share Posted July 28, 2014 If everything in its stores costs a buck, it will take 8.5 billion items sold for Dollar Tree stores to buy rival Family Dollar. Dollar Tree (DLTR) is buying its larger rival for $74.50 a share, 23% more than Family Dollar's closing price on Friday, for a total value of $8.5 billion. 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. It expects the deal to close early next year. A big winner in the deal is activist investor Carl Icahn, who holds 9.4% of Family Dollar shares, according to sales tracker LionShares. Icahn acquired most of the shares in the past year. Shares of the company shot up in June when Icahn disclosed his stake, but have given back most of the gains since. The stock is down nearly 6% for the year through Friday's close. Shares of Family Dollar (FDO) soared on the news in premarket trading. http://money.cnn.com/2014/07/28/news/companies/dollar-tree-family-dollar/index.html?hpt=hp_t2 Link to post Share on other sites More sharing options...
Chromatica 7,042 Posted July 28, 2014 Share Posted July 28, 2014 I'm ready for the hysterical markdowns in celebration for this :party: Link to post Share on other sites More sharing options...
TheOriginalOne 11,604 Posted July 28, 2014 Share Posted July 28, 2014 :party: I love Dollar Tree! Link to post Share on other sites More sharing options...
Paper Planes 340 Posted July 28, 2014 Share Posted July 28, 2014 But Family Dollar sells more name brand items so I can feel like a slightly more classy :( delete it fat Link to post Share on other sites More sharing options...
Born Brave 2,072 Posted July 28, 2014 Share Posted July 28, 2014 That's a lot of trees with dollars. Link to post Share on other sites More sharing options...
BillieGOAT 5,272 Posted July 28, 2014 Share Posted July 28, 2014 8.5M is NOTHING. I would have expected at least 20M.. Link to post Share on other sites More sharing options...
Hellspont 1,468 Posted July 28, 2014 Share Posted July 28, 2014 8 million? Depressing. Link to post Share on other sites More sharing options...
Nemo 4,410 Posted July 28, 2014 Share Posted July 28, 2014 It's billion, not million. Link to post Share on other sites More sharing options...
JEWRJEWR 5,663 Posted July 28, 2014 Share Posted July 28, 2014 8 million? Depressing. billion lol Fear, she's the mother of violence Link to post Share on other sites More sharing options...
Atlas 1 Posted July 28, 2014 Author Share Posted July 28, 2014 It's billion, not million. Oops Link to post Share on other sites More sharing options...
Nick1495 991 Posted July 28, 2014 Share Posted July 28, 2014 I go to DEALS. Those other places over charge! $1.50 at the dollar store?? No thanks :laughga: Link to post Share on other sites More sharing options...
Ray of Light 8,134 Posted July 28, 2014 Share Posted July 28, 2014 Dollar Tree ha $1 pre-movie snacks Link to post Share on other sites More sharing options...
Nemo 4,410 Posted July 28, 2014 Share Posted July 28, 2014 http://www.youtube.com/watch?v=u5HOt0ZOcYk Link to post Share on other sites More sharing options...
hausofmike 127 Posted July 28, 2014 Share Posted July 28, 2014 I was going to say. 8 million? :lmao: Link to post Share on other sites More sharing options...
vespertine 3 Posted July 28, 2014 Share Posted July 28, 2014 sleigh Link to post Share on other sites More sharing options...
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