FTC speculation rises in Family Dollar deal
Dollar General on Wednesday affirmed commitment to its pursuit of rival discounter Family Dollar Stores in the wake of press speculation that mandated divestitures may be more than expected.
Family Dollar in the meantime said it was delaying its shareholder vote on its agreement to be acquired by another rival, Dollar Tree, from Dec. 11 to Dec. 23 so it can examine the impact of the Federal Trade Commission review of that deal.
A New York Post report Wednesday said Dollar General may have to divest up to 4,000 stores to meet approval of the FTC to acquire Family Dollar, more than twice the 1,500 stores DG has said it was prepared to divest to complete the deal. The report cited anonymous sources. SN was unable to confirm its accuracy. The FTC does not comment on ongoing investigations.
http://supermarketnews.com/retail-financial/ftc-speculation-rises-family-dollar-deal