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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28 Articles
28 Articles
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Left
8
Center
5
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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%
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