Dollar General Corp stuck to its estimate of divesting 1,500 stores to win approval for its bid to purchase Family Dollar Corp and said it had held discussions with potential buyers.Dollar General also said the Federal Trade Commission's method to predict potential price increases due to a combination of the company with Family Dollar was controversial and untested."The model is highly sensitive to adjustments in its assumptions and specifications," Dollar General said, noting that the FTC used a new approach to evaluate the deal.Family Dollar said on Monday that regulators would want many more than 1,500 stores divested by Dollar General and estimated the figure to be around 3,500-4,000. It also asked shareholders to vote for its agreement to be bought by Dollar Tree Inc .
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 0.78% or $-0.53/share to $67.12. 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 1338492.
Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price. Shares of DLTR fell by 0.62% or $-0.42/share to $66.95. In the past year, the shares have traded as low as $49.59 and as high as $71.53. On average, 2307470 shares of DLTR exchange hands on a given day and today's volume is recorded at 1670707.
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