Headlines

Dollar Tree Buying Family Dollar

Dollar Tree is buying competitor Family Dollar in a cash-and-stock deal worth about $8.5 billion. The boards of both companies unanimously approved the merger, announced Monday. The transaction is valued at $74.50a share, a nearly 23% premium over Family Dollar's closing price Friday. Family Dollar shareholders will receive $59.60 in cash and $14.90 in equivalent Dollar Tree shares. (USA Today)