Who are the owners of Family Dollar Stores?
On January 22, 2015, Family Dollar shareholders approved the Dollar Tree bid. Several stores were required to be sold as a condition of the sale. Sycamore Partners acquired the stores in 2014 under the corporate name Dollar Express. The stores continued to operate under the Family Dollar name.
How much did Dollar Tree pay for 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.
Is there an app for the Family Dollar Store?
Don’t forget to browse our ads for weekly coupons and low prices all over the store. You can also download the Family Dollar app for Smart Coupons, allowing you to digitally clip, save, and scan at the register for discounts on your favorite brands.
When did the Family Dollar first go public?
In 1970, Family Dollar’s stock went public for the first time, at $14.50 per share. In 1971, the chain’s 100th store opened, followed by their 200th in 1974 and their 300th in 1978. Also in 1974, a distribution center was opened in Matthews, North Carolina. In 1979, Family Dollar stock began trading at the New York Stock Exchange .
Where are the Family Dollar stores in Utah?
Family Dollar operates 11 distribution centers – the latest of which opened in St. George, Utah on October 16, 2013. In March 2011, Family Dollar rejected a takeover offer by Nelson Peltz ‘s Trian Fund Management reportedly between $55 and $60 a share.
Who is the activist investor in Family Dollar?
On June 6, 2014, activist investor Carl Icahn disclosed that his firm, Icahn Enterprises, held a 9.4% stake in Family Dollar. On June 19, 2014, Icahn demanded in an open letter that Family Dollar be put up for sale immediately. Goldman Sachs and other analysts had identified a number of potential buyers.