Family Dollar Shareholders Approve Dollar Tree Deal
SEAFOODNEWS.COM [Progressive Grocer] By Kyle Shamorian - January 27, 2015 -
Months of speculation were put to rest following the announcement that shareholders of Family Dollar Stores Inc. have approved the long-awaited $8.5 billion deal with Dollar Tree Inc.
The vote, which includes roughly 84 million shares in favor of the proposal, accounts for 74 percent of total outstanding shares, and 89 percent of total shares voted.
Though their seems to be light at the end of the tunnel for the Family Dollar/Dollar Tree merger, the obstacles associated with the months-long deal will leave some uncertainies in their wake, according to Planet Retail Director Kelly Tackett.
To Read Full Story Login Below.