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Merger Monday

Two buyouts were reported this morning starting with Dollar Tree (DLTR) announcing they will be buying rival Family Dollar (FDO) for $74.50 per share.  That’s a 22% premium over Friday’s closing price.  One of the big winners in the deal is Carl Icahn.  In June, Icahn disclosed a 9.39% stake in Family Dollar, 10,691,011 shares, which will mean he stands to make $131 million.  After combining the companies, Dollar Tree will operate 13,000 discount stores across North America.

The other big deal from this morning is real estate listing site Zillow (Z) purchasing Trulia (TRLA) for $3.5 billion in a stock-for-stock transaction.  It’s a 25% premium to Trulia’s Friday close.  Each Trulia shareholder will get .444 Class-A Zillow shares.  The Boards of Directors of both companies have approved the transaction, which is expected to close in 2015. The companies announced the agreement in a joint statement.