Dollar Tree Inc. is set to acquire its competitor Family Dollar Stores Inc. in a transaction valued at $8.5 billion.
The deal is a cash-and-stock transaction valued at $74.50 a share. Family Dollar shareholders will receive $59.60 in cash and $14.90 in Dollar Tree stock for each share that they own. The deal, which is expected to close early next year, valued Family Dollar at an enterprise value of $9.2 billion.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)