Dollar Tree warns FTC reviewing more stores than planned

Dollar Tree Inc. told the media Tuesday (Feb. 3) that the Federal Trade Commission is reviewing more than 500 stores as it scrutinizes the discount retailer's plan to acquire larger rival Family Dollar Stores Inc.

The retailer had previously indicated that it expected the FTC to require the divestiture of no more than about 300 stores, a key factor in the decision of Family Dollar shareholders to vote for Dollar Tree's bid instead of a higher offer from market leader Dollar General Corp.