Dollar Tree buying Family Dollar for $8.5 billion

Dollar Tree buying Family Dollar for $8.5 billion

Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.

Stockholders of Family Dollar Stores will receive $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree for each share they own. The companies put the value of the transaction at $74.50 per share, which is an approximately 23 percent premium to Family Dollar’s Friday closing price of $60.66.

The companies put the enterprise value of the deal, including debt and other costs, at more than $9 billion.

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