Family Dollar Adjourns Shareholder Meeting on Dollar Tree Deal
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|Family Dollar Stores adjourned a special meeting of shareholders to vote on the company's potential acquisition by smaller rival Dollar Tree. Family Dollar agreed to be acquired by Dollar Tree for $8.5 billion in cash and stock after twice rejecting higher all-cash bids from bigger rival Dollar General Corp citing antitrust concerns. Family Dollar says there were not enough votes to adopt the Dollar Tree agreement.
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