26-03-2025
Dollarama to Buy Australia's Reject Shop for Twice Market Value
Canada's Dollarama Inc. has agreed to buy Australian discount retailer Reject Shop Ltd. in a deal pitched at a more than 100% premium.
The A$259 million ($163 million) offer values Reject Shop shares at A$6.68 each, more than double Wednesday's closing price of A$3.15, the companies said Thursday.