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US: Dollar Tree completes $8.5 billion purchase of Family Dollar

By  |  July 6, 2015

Dollar Tree has completed its $8.5 billion acquisition of rival discount chain Family Dollar after a year-long struggle that drew in antitrust regulators and rival bids.

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    The company announced its intent to buy the Matthews, North Carolina, dollar story last July, but the combined entity was forced to carve off 330 stores, regulators said, to avert dominating some regions.

    Dollar Tree now has about 13,000 stores in 48 U.S. states and Canada, making it the largest chain dollar store chain with annual revenue of around $19 billion.

    Full content: The Oregonian

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