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Family Dollar bidding. On July 28, 2014, Dollar Tree announced that a deal had been reached and approved by both parties to purchase Family Dollar for $8.5 billion plus acquisition of the $1 billion in debt currently held by Family Dollar.
On July 28, 2014, Dollar Tree announced that it would acquire Family Dollar for $74.50 per share, a deal valuing Family Dollar at $8.5 billion, and that Dollar Tree would also assume $1 billion in debt currently owed by Family Dollar, for a total of $9.5 billion.
Dollar Tree: $5. Family Dollar: $5.50. Both stores offer the same 60-ounce bottle of Cascade Complete Gel Dishwasher Detergent in Fresh Scent, but Dollar Tree has the better price.
Dollar Tree Inc., owners of Family Dollar brand, announced nearly 1,000 Family Dollar locations in the U.S. could close in 2024 but did not reveal the locations of those closures.
Family Dollar is closing about 600 stores over the coming months. Another 370, along with 30 Dollar Tree stores, will close as leases expire.
In July 2014, Levine oversaw the buyout of Family Dollar by Dollar Tree in a deal totaling $8.5 billion. Levine remained with the company following the merger and was appointed to Dollar Tree's board of directors . [6]