Dillard's, Inc. announced the completion of a merger with W.D. Company, Inc. on March 20, 2026, where WDC will merge into Dillard's, allowing shareholders to exchange their WDC shares for Dillard’s Class A and Class B common stock and cash. This transaction maintains existing shareholder value and is subject to shareholder and regulatory approvals, targeted to be finalized by August 1, 2026.