BREAKING NEWS --- BUSINESS Dollar Tree agreed Monday to buy - TopicsExpress

BREAKING NEWS --- BUSINESS Dollar Tree agreed Monday to buy Family Dollar Stores for about $8.5 billion in cash and stock, uniting two of North America’s biggest deep-discount retailers. The deal comes amid pressure on Family Dollar by the activist investor Carl C. Icahn, who urged the company last month to explore a sale of itself. But Family Dollar said in a statement that it had been exploring strategic options since the winter. No word yet on how the transaction will effect the opening of the Sistersville store slated for Aug. 7. More information to follow.

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