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

By  |  April 7, 2015
US: Dollar Tree to sell 340 stores in Family Dollar deal

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.

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    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.

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    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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