Family Dollar approves Dollar Tree takeover

(Image credit: Joe Raedle/Getty Images)

After multiple, unsolicited bids from Dollar General, Family Dollar shareholders have agreed to a Dollar Tree takeover.

Investors holding 74 percent of Family Dollar's outstanding shares approved the $8.5 billion takeover bid. The takeover still needs approval from the Federal Trade Commission, and that approval could happen as soon as March.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Meghan DeMaria

Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.