Dollar Tree Says FTC Identifies 340 Stores For Divestiture On Family Dollar Deal

(RTTNews) - Dollar Tree Inc. (DLTR), in an update on the Federal Trade Commission's or the "FTC" review process of the Company's pending acquisition of Family Dollar Stores Inc. (FDO), disclosed in a regulatory filing that the FTC identified about 340 stores for divestiture, representing about $47.4 million of operating income.

The company expects that all or almost all of the stores that will be divested will be Family Dollar stores. The company continues to make progress with divestiture buyers and has received multiple indications of interest from buyers, each of whom intend to operate these divested locations as dollar stores to address the FTC's concerns.

The company noted that it is working to finalize divestiture agreement(s) with the selected bidder(s) in April 2015 and in parallel to secure FTC approval.

The company intends to close the proposed merger in May 2015, but this timing is subject to certain factors beyond the Company's control, including FTC approval.