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Dollar Tree extends timeline for Family Dollar Stores

Staff writer ▼ | December 8, 2014
Dollar Tree extended the timeline for its proposed $9.2 billion purchase of Family Dollar Stores, saying it probably wouldn't take effect until February.
Dollar Tree
Acquisition   $9.2 billion purchase
In a filing Friday with the Securities and Exchange Commission (SEC), Dollar Tree changed that to February "to facilitate the FTC's continued review and in light of the practicalities associated with the transaction." The deal must be approved by the FTC and Family Dollar shareholders, who are scheduled to vote December 23.

Family Dollar's board has recommended that shareholders approve Dollar Tree's offer. Dollar Tree said the commission expressed concerns about overlaps between Family Dollar and Dollar Tree's Deals stores and Family Dollar's pricing policies, among other issues.

The company said the commission "appreciates that Dollar Tree and Family Dollar are different retailers with complementary business models." And it reiterated that it expected the deal would require only a "relatively small number of divestitures" of Dollar Tree stores.