Dollar Tree and Family Dollar Will Sell 330 Stores to Seal Merger Deal
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A Dollar Tree store in Clifton, N.J.CreditDith Pran/The New York Times
Dollar Tree and Family Dollar have agreed to sell 330Family Dollar stores to settle a complaint that their proposed merger would probably be anticompetitive, the Federal Trade Commission said on Thursday.
The chains, which have locations in 35 states, will be sold to the private equity firm Sycamore Partners, the F.T.C. said in a statement. Terms of the sale were not disclosed.
Without a remedy, the F.T.C. said, Dollar Tree’s acquisition of Family Dollar would most likely reduce competition by eliminating direct competition between the stores and increase the probability that Dollar Tree would unilaterally exercise market power…
Dollar Tree and Family Dollar Will Sell 330 Stores to Seal Merger Deal
