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Dollarama to acquire Australian discount retailer the Reject Shop in all-cash deal
- Dollarama Inc. has agreed to acquire Australian discount retailer The Reject Shop for $6.68 per share, totaling about $259 million Australian dollars.
- The Reject Shop reported consolidated sales of $779 million for the year ending December 29 and has over 5,000 employees across Australia.
- The proposed takeover represents a 108 percent premium to The Reject Shop's share price before the announcement.
- The Reject Shop's board advises shareholders to support the deal at an upcoming special meeting.
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28 Articles
28 Articles
Dollarama's low-priced retailer buys its Australian cousin The Reject Shop, which has more than 5000 employees in 390 stores in Australia.
·Montreal, Canada
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Coverage Details
Total News Sources28
Leaning Left8Leaning Right5Center5Last UpdatedBias Distribution44% Left
Bias Distribution
- 44% of the sources lean Left
44% Left
L 44%
C 28%
R 28%
Factuality
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