Family Dollar Picks Dollar Tree Bid Over Dollar General’s – Yahoo Finance

Dollar General expected revenues to hit $28 billion and for the deal to generate synergies of $550 million to $600 million on an annual rate three years after the deal closed. In contrast, Dollar Tree and Family Dollar Union will create 13,000 stores in 48 states with combined sales of roughly $18 billion. Nevertheless, for Family Dollar, which has been troubled for some time now, the Dollar Tree deal will be a much needed breath of fresh air. The tepid economic recovery and heightened competition from other big brick and mortar retailers along with online giants has affected its profitability. In the recently concluded quarter, the company saw its earnings per share declining 19% year over year.
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