A PYMNTS Company

US: Dollar Tree to sell 340 stores in Family Dollar deal

By  |  April 7, 2015

Dollar Tree Inc. announced today that it expects to sell about 340 stores to meet antitrust concerns in its proposed $9.2 billion takeover of Family Dollar Stores Inc. Nearly all of those stores will be Family Dollar stores, the Chesapeake-based company said in a filing with the U.S. Securities and Exchange Commission.

Dollar Tree said the Federal Trade Commission “has substantially completed its review and identified approximately 340 stores for divestiture, representing approximately $47.4 million of operating income.”

Earlier, Dollar Tree estimated it would have to get rid of fewer than 300 stores out of roughly 13,000 that it will own after the merger.

In the federal filing, Dollar Tree said it hopes to sell the stores and win approval from the FTC this month and to close the deal in May.

 

Full Content: The Wall Street Journal

 

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