It was almost a question of if, not when, the pressure from activist investor Carl Icahn would force discount retailer Family Dollar into a merger or a leveraged buyout. But the news came more swiftly than most industry insiders could imagine—on Monday, rival Dollar Tree announced it would buy Family Dollar for $8.5 billion. The deal works out to $74.50 per share, a 22.8 percent premium over Family Dollar’s share price as of Friday, according to Supermarket News (SN). “The ...
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