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Wednesday, November 19, 2014

Dollar General, Family Dollar still in talks with FTC, (NYSE: DG), (NASDAQ: DLTR)

Dollar General Corp said it is in talks with the U.S. Federal Trade Commission (FTC) over the number of stores it will have to sell to receive approval for an acquisition of Family Dollar Inc.Family Dollar, which has opted for a lower cash-and-stock offer from Dollar Tree Inc, said on Wednesday it has postponed a shareholders' meeting to Dec. 23 from Dec. 11.Family Dollar said it expects to update its shareholders by the end of the first week of December about the extent of divestitures the FTC seeks to approve a deal with Dollar Tree.Dollar General said it expects to update Family Dollar shareholders about its talks with FTC in the "coming weeks".

Dollar General Corporation is a discount retailer in the United States by number of stores, with 9,961 stores located in 39 states as of March 2, 2012, primarily in the southern, southwestern, midwestern and eastern United States. Shares of DG fell by 0.11% or $-0.07/share to $66.10. In the past year, the shares have traded as low as $53.00 and as high as $66.21. On average, 3931540 shares of DG exchange hands on a given day and today's volume is recorded at 14828225.

Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price. Shares of DLTR traded higher by 1.03% or $0.64/share to $62.63. In the past year, the shares have traded as low as $49.59 and as high as $62.72. On average, 2499340 shares of DLTR exchange hands on a given day and today's volume is recorded at 3906760.



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