Dollar Tree to buy Family Dollar

Reuters

July 28 (Reuters) - U.S. discount store chain Dollar Tree Inc offered to buy rival Family Dollar Stores Inc for an enterprise value of about $9.2 billion.

Dollar Tree's offer of $74.50 per share in cash and stock represents a premium of about 23 percent over Family Dollar's close of $60.66 on Friday.

(Reporting by Ramkumar Iyer in Bangalore; Editing by Savio D'Souza)

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