March 27 (Reuters) - Reject Shop Ltd ( RJCTF ):

* ENTERS INTO BINDING SCHEME IMPLEMENTATION AGREEMENT WITH

DOLLARAMA

* ACQUISITION PRICE OF A$6.68 CASH PER SHARE

* IF SCHEME EFFECTIVE, CO'S BOARD INTENDS TO DETERMINE FULLY

FRANKED SPECIAL DIVIDEND OF UP TO A$0.77 PER SHARE

* SCHEME CONSIDERATION OF A$6.68 CASH PER SHARE VALUES

REJECT

SHOP'S EQUITY AT A$259 MILLION

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