Dollar Tree To Buy Family Dollar

U.S. discount store chain Dollar Tree Incorporated offered to buy rival Family Dollar Stores Incorporated for an enterprise value of about $9.2 billion. Dollar Tree's offer of $74.50 per share in cash and stock represents a premium of about 23 percent over Family Dollar's close of $60.66 on Friday.

BING NEWS:
  • Dollar Tree’s new price strategy prompts analysts to revise targets
    Citi downgraded Dollar Tree to neutral from buy with a price target of $120, down from $163. While the Family Dollar turnaround has been on "shaky ground" for several quarters, the decision to explore ...
    06/6/2024 - 12:37 pm | View Link
  • Dollar Tree putting Family Dollar up for sale after disastrous merger, mass closings
    Messy stores, high prices and over-expansion have plagued discount chain Family Dollar, which announced plans to shutter more than 900 stores across the U.S. last year.
    06/6/2024 - 9:31 am | View Link
  • Buy discount retailer stocks to capture this consumer trend
    Value-conscious shoppers have been a boon to some discount retailers, while others like Five Below (FIVE) feel the weight of a challenging macro environment. Loop Capital Markets Managing Director ...
    06/6/2024 - 6:45 am | View Link
  • Dollar Tree Weighs Sale of Family Dollar Amid Struggles. Analysts See Potential Boost to Stock.
    For its second quarter, Dollar Tree is calling for net sales between $7.3 billion and $7.6 billion and adjusted earnings of $1 to $1.10 per share. For the full year, the company reiterated a net sales ...
    06/5/2024 - 7:52 am | View Link
  • Dollar Tree Considers Selling Family Dollar: What To Know
    Dollar Tree stock fell Wednesday after the dollar-store chain reported earnings and announced a strategic review of its Family Dollar segment.
    06/5/2024 - 6:03 am | View Link
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