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Friday, December 19, 2014

Family Dollar to delay shareholder vote on Dollar Tree deal - CNBC, (NYSE: DG), (NASDAQ: DLTR)

Family Dollar Inc will delay a shareholder vote on the potential acquisition by Dollar Tree Inc , CNBC said, citing sources. Family Dollar will start the shareholder meeting and then adjourn it, CNBC said. (cnb.cx/1zEZqsP)The meeting is scheduled for Dec. 23The company could not be immediately reached for comment.Family Dollar, which rejected an $80 per-share bid from larger rival Dollar General Corp for a lower cash-and-stock deal from Dollar Tree, had earlier postponed its meeting from Dec. 11.

Dollar General Corporation is a discount retailer in the United States by number of stores, with 9,961 stores located in 39 states as of March 2, 2012, primarily in the southern, southwestern, midwestern and eastern United States. Shares of DG fell by 2.22% or $-1.58/share to $69.71. In the past year, the shares have traded as low as $53.00 and as high as $71.75. On average, 3909490 shares of DG exchange hands on a given day and today's volume is recorded at 1664261.

Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price. Shares of DLTR fell by 0.98% or $-0.675/share to $68.44. In the past year, the shares have traded as low as $49.59 and as high as $69.65. On average, 2419840 shares of DLTR exchange hands on a given day and today's volume is recorded at 755700.



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