Dollar Tree, Family Dollar Stores get second information request from FTC

Chesapeake, Va. -- Dollar Tree Inc. and Family Dollar Stores Inc. announced, as expected, they have received a second request for information from the U.S. Federal Trade Commission in connection with Dollar Tree's pending $8.5 billion deal to acquire Family Dollar.



The second request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended (“HSR Act”). It means the government-mandated waiting period of the acquisition will be extended until 30 days after the companies have complied with the request.



The two companies said last week that they expected the FTC would issue the second request and that they were confident the deal would be approved by antitrust regulators and that the takeover will be completed as soon as the end of November.



Last week, Family Dollar rejected a higher bid from Dollar General Corp., saying it would be too difficult to get regulatory approval.