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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"