Family Dollar Stores, Inc. acquired by Dollar Tree, Inc.
Dollar Tree, Inc. agreed to acquire Family Dollar Stores, Inc., a US discount variety retail brand, on Jul 28, 2014.
Transaction summary
- Target
- Family Dollar Stores, Inc.
- Acquirer
- Dollar Tree, Inc.
- Seller
- -
- Announced
- 2014-07-28
- Geography
- United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-04
- Latest update
- 2026-10-21
Value and multiples
100% enterprise value
USD 9.2B
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
0.88x
Period: FY Ended August 30, 2014 Sales; EV Announced July 28, 2014
Basis: Derived from source data
EV / EBITDA
11.3x
EBITDA basis not stated
Basis: Public source
Basis
- The announced $74.50 per-share consideration comprises $59.60 cash and Dollar Tree stock valued at $14.90 per share, subject to an exchange-ratio collar. Dollar Tree reported 11.3x enterprise value to standalone adjusted EBITDA for the last twelve months ended May 31, 2014; it also reported 8.2x including estimated run-rate synergies, which is not used. Family Dollar FY2014 net sales were $10,489.3 million for the year ended August 30, 2014; the announced approximate $9.2 billion EV / those sales gives approximately 0.88x. Family Dollar’s $838 million 2014E EBITDA is a forecast, not identified as adjusted, and is not the denominator of the reported 11.3x. The issuer expected closing by early 2015; no completed closing date is established here.
Source summary
Dollar Tree, Inc. to Acquire Family Dollar Stores, Inc. to Create North America’s Leading Discount Retailer
ConfirmedThe transaction values Family Dollar at an enterprise value of approximately $9.2 billion
Open sourceDollar Tree Form 8-K merger agreement
Confirmedwith Family Dollar surviving the Merger as a wholly owned subsidiary of the Company
Open sourceDollarTree S4 FamilyDollar historical results and forecasts
ConfirmedFamily Dollar management
Open sourceContinue your research
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