A PYMNTS Company

US: Family Dollar shareholders expected to vote for Dollar Tree merger

 |  January 22, 2015

Family Dollar Stores Inc shareholders are expected to vote in favor of a pending $8.5 billion merger with Dollar Tree Inc. Earlier this year Family Dollar’s board of directors unanimously denied the offer. Dollar General had agreed to divest hundreds of locations and include a $500 million breakup fee should authorities block the merger.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The vote, which was scheduled for Thursday, comes after influential proxy advisory firm Institutional Shareholder Services said Dollar Tree’s proposal was in the best interest of shareholders and was more likely to close as it faces fewer antitrust hurdles than the Dollar General offer.

    Full Content: Fox Business

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.