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Dollar Tree buying Family Dollar

MGN Online
Monday, July 28, 2014 - 10:59am

Discount Store Dollar Tree is buying its larger rival Family Dollar for 8-point-5 billion dollars. Dollar Tree has just over 5-thousand stores and an annual revenue of 7-point-8 billion. Family Dollar has 82-hundred stores and an annual revenue of 10-point-4 billion dollars.

The combined companies could overtake the leader in the dollar-store sector. Dollar General, which has more than 11-thousand stores and annual revenue of 17-point-5 billion. The deal is expected to close early next year.


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