Family Dollar Shareholders Will Vote Today On Dollar Tree Merger

(RTTNews) - Shareholders on Tuesday will vote on Family Dollar Stores Inc.'s proposed merger with Dollar Tree Inc., as a Delaware court has dismissed a motion by certain investors who wanted to block the vote.

Analysts say the majority of shareholders will vote to sell the company to Dollar Tree for $76 per share, or $8.5 billion in cash and stock.

Tennessee-based rival Dollar General has made an all-cash bid for $80 a share, or $9.1 billion, but Family Dollar's board thinks the Dollar Tree offer is better because it may face less regulatory scrutiny.

A group of angry investors want to further consider the Dollar General bid, having been told by a leading proxy advisory firm that they should postpone the vote.