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Dollarama buys Australian discount giant The Reject Shop for A$259M, a 108% stock premium.
Canadian discount retailer Dollarama is acquiring The Reject Shop, Australia's largest discount retailer, for A$259 million (C$233 million) in cash.
The offer of A$6.68 per share represents a 108% premium over The Reject Shop's recent stock price.
With over 390 stores, The Reject Shop is expected to grow to around 700 stores by 2034 under Dollarama's ownership.
The acquisition, backed by The Reject Shop's largest shareholder, is expected to close in the second half of 2025.
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Dollarama compra gigante de descuento australiano The Reject Shop por A$259M, una prima de 108%.