State AGs Investigating Family Dollar Acquisition Plans - Articles

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Posted by: Brittany Sims on Sep 30, 2014

Family Dollar Stores Inc. says “certain state attorneys general” have launched an investigation into its proposed merger with Dollar Tree Inc. and Goodlettsville-based Dollar General Corp.’s ongoing attempts to acquire Family Dollar, according to a U.S. Securities and Exchange Commission filing. Family Dollar announced in late July that it would be acquired by Dollar Tree in a deal valued at $8.5 billion. Dollar General has made three offers to buy the North Carolina retailer since that time, but Family Dollar has rebuffed those advances to date. In its SEC filing, Family Dollar says it has been notified that certain state attorneys general are investigating the Family Dollar-Dollar Tree merger under antitrust laws. They also say they “will be investigating the competitive effects of a Dollar General-Family Dollar combination, as is the (Federal Trade Commission,)" the Nashville Business Journal reports.