Dollar Tree to buy Family Dollar

Reuters News
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Posted: Jul 28, 2014 6:17 AM

(Reuters) - U.S. discount store chain Dollar Tree Inc <DLTR.O> offered to buy rival Family Dollar Stores Inc <FDO.N> 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. [ID:nBwbxmHj9a]

(Reporting by Ramkumar Iyer in Bangalore; Editing by Savio D'Souza)