- Putting to rest a year-long merger saga, Dollar Tree (NASDAQ:DLTR) has finally been given FTC approval to buy Family Dollar (NYSE:FDO) on condition they sell 330 Family Dollar stores.
- Following the $9.2B merger, Dollar Tree will control more than 13K stores across the U.S. and Canada, vaulting the company ahead of Dollar General (NYSE:DG) to become North America's biggest discount retailer, with more than $18B in annual sales.
- Dollar Tree expects the deal to close on Monday.
- Previously: DLTR, FDO ink deal with FTC; merger on track for July close (Jun. 16 2015)