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Thursday, January 15, 2015

Dollar General says store divestitures not to exceed 1,500, (NYSE: DG)

Dollar General Corp said it does not expect to divest more than 1,500 stores to gain regulatory approval for its bid to purchase smaller rival Family Dollar Corp . Dollar General also said it had discussions with possible buyers for the stores that may be divested.

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 0.22% or $-0.15/share to $67.65. In the past year, the shares have traded as low as $53.00 and as high as $71.78. On average, 4236560 shares of DG exchange hands on a given day and today's volume is recorded at 4987475.