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DOLLARAMA TO ACQUIRE AUSTRALIAN DISCOUNT RETAILER THE REJECT SHOP
DOLLARAMA TO ACQUIRE AUSTRALIAN DISCOUNT RETAILER THE REJECT SHOP Canada NewsWire ...
About this update from Dollarama Inc.
[{"type":"text","content":"\n\n\n\n DOLLARAMA TO ACQUIRE AUSTRALIAN DISCOUNT RETAILER THE REJECT SHOP\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; FONT-SIZE: 8PT; FONT-FAMILY: ARIAL; COLOR: BLACK; MARGIN:0em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Strategic international expansion into\n \n Australia\n \n with a solid initial foothold, building on Dollarama's proven track record in\n \n Canada\n \n and\n \n Latin America\n \n\n\n\n\n\n MONTREAL\n \n\n ,\n \n\n March 26, 2025\n \n\n /CNW/ - Dollarama Inc. (TSX: DOL) (\"Dollarama\" or the \"Corporation\") announced today that it has entered into a definitive agreement to acquire all the issued and outstanding ordinary shares of The Reject Shop Limited (ASX: TRS) (\"The Reject Shop\"), the largest discount retailer in\n \n Australia\n \n , for an all cash consideration of\n \n A$6.68\n \n per ordinary share (the \"Transaction\"), which values The Reject Shop's ordinary share capital at approximately\n \n A$259 million\n \n (\n \n C$233 million\n \n\n 1\n \n ). The Transaction will be implemented by way of an Australian scheme of arrangement (the \"Arrangement\"). The Reject Shop Board of Directors unanimously recommends that The Reject Shop's shareholders vote in favour of the Arrangement\n \n 2\n \n .\n \n\n \"Identifying the right opportunity to expand into new geographies and build on our track record as a leading value retailer in\n \n Canada\n \n and\n \n Latin America\n \n has been a key objective for the Dollarama team. With this acquisition, we have a unique and compelling opportunity to bring our differentiated value proposition to a new market which presents a clear path for growth through an established platform,\" said\n \n Neil Rossy\n \n , President and Chief Executive Officer&#...