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Dollar Tree says FTC wants 340 stores sold ahead of Family Dollar deal

Family Dollar disappoints investors

Dollar Tree said the U.S. Federal Trade Commission has identified about 340 stores to be divested for the $8.5 billion takeover of Family Dollar Stores to go through.

Dollar Tree said it expects all or almost all of the stores to be that of Family Dollar.

Family Dollar shareholders in January approved Dollar Tree's $8.5 billion cash-and-stock offer, scuppering a higher hostile offer from Dollar General.