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US: Dollar Tree-Family Dollar deal gets FTC approval

By  |  July 2, 2015

Dollar Tree Inc. won US antitrust approval for its plan to buy Family Dollar Stores Inc. after reaching a settlement to sell 330 stores to Sycamore Partners.

The Federal Trade Commission required the discount retailer to sell the locations to maintain competition for consumers after the $9.2 billion deal closes, the agency said in a statement Thursday.

“This settlement will ensure that consumers will continue to benefit from competition among their local dollar stores,” said Debbie Feinstein, director of the commission’s competition bureau.

Full content: The Wall Street Journal

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