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.