Family Dollar to be Acquired by Dollar Tree

CHARLOTTE, NORTH CAROLINA – According to multiple sources, Family Dollar Stores shareholders have voted to approve a merger with Dollar Tree. The $8.7 billion bid was submitted by Dollar Tree in July of 2014.

The shareholder vote came to a 89% approval of the Dollar Tree bid against a competitive bid of $9.1 billion submitted by Dollar General in August of 2014.

Analysts say store closings as a result of the merger will be minimal. The subtle differences in product lines between the two retailers should allow them to coexist in the same markets without issue.

KW Net Lease Advisors