Deals
Family Dollar Holders Accept $8.81 Billion Dollar Tree Bid
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Family Dollar Stores Inc. shareholders approved an $8.81 billion takeover offer from Dollar Tree Inc. after a six-month battle, spurning a higher offer from Dollar General Corp. that they considered too risky.
The vote was announced at an investor meeting in Charlotte, North Carolina, on Thursday morning. Family Dollar’s management had argued that Dollar Tree’s $77.05-a-share offer was more likely to win regulators’ approval than Dollar General’s $80-a-share bid.