Dollarama to Acquire The Reject Shop in $259 Million Deal

The Australian retailer's board has endorsed the Canadian company's offer, with shareholder approval expected in June.

The Reject Shop has agreed to a $259 million takeover by Canadian discount retail giant Dollarama, offering $6.68 per share, a 112% premium to its last closing price.
The Reject Shop's board has unanimously recommended shareholders vote in favor of the deal, which is anticipated to close in the second half of 2025 pending approvals.
Kin Group, the company’s largest shareholder with a 20.8% stake, has conditionally supported the acquisition, subject to an independent expert's review.
Dollarama plans to work with The Reject Shop's management to expand its store network in Australia, with potential growth from 390 to 700 locations over the next nine years.
This acquisition marks Dollarama's first entry into the Australian market, aligning with its international growth strategy following success in Canada and Latin America.