U.S. discount store chain Dollar Tree Inc offered to purchase rival Family Dollar Stores Inc 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.
Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price. Shares of DLTR fell by 1.33% or $-0.73/share to $54.22. In the past year, the shares have traded as low as $49.59 and as high as $60.19. On average, 1648380 shares of DLTR exchange hands on a given day and today's volume is recorded at 794214.
Family Dollar Stores, Inc. (Family Dollar) operates a chain of more than 7,900 general merchandise retail discount stores in 46 states, providing consumers with a selection of merchandise in neighborhood stores. Shares of FDO fell by 0.79% or $-0.48/share to $60.66. In the past year, the shares have traded as low as $55.64 and as high as $75.29. On average, 1634020 shares of FDO exchange hands on a given day and today's volume is recorded at 1231369.
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