Dollar Tree said Monday that it plans to buy Family Dollar, one of the Charlotte region’s most prominent retailers. Here are four things we know and three things we don’t know about the $8.5 billion deal.
Four things we know:
Three things we don’t know:
“There are no plans for relocation out of Charlotte at this time. As we work towards closing, there may be an opportunity for some Team Members to relocate,” Family Dollar wrote to its employees.
“While we continue to believe there are a handful of potential buyers who could realize greater synergies through a combination with Family Dollar and are hopeful that one or more of them will surface as a result of today’s announcement, we are extremely pleased with Dollar Tree’s intention to acquire Family Dollar,” he wrote. Some analysts also speculated that Dollar General could come back with a higher bid, although others discounted that possibility.
Levine and Nelson Peltz, another activist investor who together control almost 16 percent of the company’s shares, have made a legally binding agreement to vote in favor of the Dollar Tree deal. Icahn hasn’t done so.