Dollar Tree extends timeline for Family Dollar StoresStaff 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.
Acquisition $9.2 billion purchase
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. ■