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Dollar Tree Buying Family Dollar for $8.5 Billion

Hadley Malcolm, USA TODAY (USA Today)—Dollar Tree is buying competitor Family Dollar in a cash-and-stock deal worth about $8.5 billion. The boards of both companies unanimously approved the merger, announced Monday. The transaction is valued at $74.50 a share, a nearly 23% premium over Family Dollar’s closing price Friday. Family Dollar shareholders will receive $59.60 […]