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US: Family Dollar shareholders expected to vote for Dollar Tree merger

By  |  January 22, 2015

Family Dollar Stores Inc shareholders are expected to vote in favor of a pending $8.5 billion merger with Dollar Tree Inc. Earlier this year Family Dollar’s board of directors unanimously denied the offer. Dollar General had agreed to divest hundreds of locations and include a $500 million breakup fee should authorities block the merger.

The vote, which was scheduled for Thursday, comes after influential proxy advisory firm Institutional Shareholder Services said Dollar Tree’s proposal was in the best interest of shareholders and was more likely to close as it faces fewer antitrust hurdles than the Dollar General offer.

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