Dollar Tree agrees to acquire Family Dollar

Family Dollar Stores has agreed to be acquired by Dollar Tree for $74.50 per share, a 22.8% premium over Family Dollar’s closing price on Friday, both companies announced today.

The combined company will operates more than 13,000 stores in 48 states and five Canadian provinces, with sales exceeding $18 billion.

Dollar Tree, Chesapeake, Va., operates 5,080 stores in mostly suburban locations in 48 states and five Canadian provinces, with fixed price points of $1 or less

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