Dollar Tree Pushes Back Expected Merger Closing Date to July
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Dollar Tree Inc. pushed back the expected closing date for its purchase of Family Dollar Stores Inc. until early July, saying it’s still negotiating with regulators to clear the deal.
The discount chain is working with the U.S. Federal Trade Commission to gain approval, according to a statement included in its first-quarter results. In order to placate antitrust authorities, the company has agreed to divest hundreds of its stores. Dollar Tree had said in April that the deal might be completed in May.