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US: Dollar Tree delays Family Dollar deal while feds continue probe

 |  November 9, 2014

Following a second request for information by the Federal Trade Commission, Dollar Tree has reportedly agreed not to close its planned takeover of rival Family Dollar before December 30 unless authorities finalize their review.

According to reports, Dollar Tree said it expected the FTC’s second request for information regarding the $9.2 billion acquisition. As the FTC reviews the deal, Family Dollar is preparing for a shareholder vote on the transaction, scheduled for December 11.

Family Dollar says it has recommended that its shareholders approve of the deal and reject third rival Dollar General’s competing offer to acquire Family Dollar for $9.8 billion. Reports say Family Dollar is convinced a merger with Dollar Tree would more easily secure antitrust clearance than a deal with Dollar General.

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