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Dollarama to acquire Australian discount retailer the Reject Shop in all-cash deal

  • Dollarama has acquired The Reject Shop for $259 million, paying $6.68 per share, which is above its previous closing price of $3.15, according to the Australian Financial Review.
  • Dollarama aims to expand The Reject Shop's operations in Australia from 390 to approximately 700 stores by 2034, as stated by the company.
  • Steven Fisher, The Reject Shop's board chairman, called the Canadian bid a 'milestone' for the company and expressed confidence in benefiting shareholders and stakeholders.
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Winnipeg Free Press broke the news in Winnipeg, Canada on Wednesday, March 26, 2025.
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