Dollar Tree completes $8.5B purchase of Family Dollar NEW YORK- 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. 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. Shares of Dollar Tree,...
Source: The Associated Press
Dollar store merger a go The FTC approves the sale of Family Dollar to Dollar Tree pending the sale of 330 stores.
UPDATE 1-FTC approves Dollar Tree's takeover of Family Dollar July 2- Dollar Tree Inc was given the go-ahead to buy Family Dollar Stores Inc by the U.S. Federal Trade Commission on condition that they sell 330 Family Dollar stores, putting to rest a year-long merger saga. The stores spread across 35 states, which Dollar Tree has offered to sell to private equity firm Sycamore Partners, has to be sold within 150 days after the...
Dollar Tree, Family Dollar to sell stores to settle U.S. FTC claims WASHINGTON, July 2- The U.S. Federal Trade Commission said on Thursday discount retailers Dollar Tree Inc and Family Dollar Stores Inc have agreed to sell 330 Family Dollar stores to settle the regulator's charges that Dollar Tree's proposed $9.2 billion acquisition of Family Dollar would likely be anticompetitive.