Discount chain Dollar Tree Inc said it expects to divest fewer than 300 stores to satisfy U.S. regulators scrutinizing its proposed takeover of Family Dollar Stores Inc, and had already identified potential buyers.Dollar Tree, which had 5,282 stores in the United States and Canada as of Nov. 1, said it would likely sign an agreement with the U.S. Federal Trade Commission by the end of the month on the number of stores it would have to give up.Wal-Mart Stores Inc and Target Corp could be among possible buyers as they seek to expand their small-format stores, said Rahul Sharma, managing director of investment advisory firm Neev Capital.Family Dollar has agreed to be bought by its smaller rival for $8.5 billion in cash and stock, rejecting a sweetened hostile $9.1 billion offer from Dollar General Corp.
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 1.48% or $-1.01/share to $67.11. In the past year, the shares have traded as low as $53.00 and as high as $71.78. On average, 4094870 shares of DG exchange hands on a given day and today's volume is recorded at 11344796.
Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price. Shares of DLTR fell by 0.04% or $-0.03/share to $69.43. In the past year, the shares have traded as low as $49.59 and as high as $71.53. On average, 2237380 shares of DLTR exchange hands on a given day and today's volume is recorded at 4267683.
Family Dollar Stores, Inc. (Family Dollar) operates a chain of more than 7,900 general merchandise retail discount stores in 46 states, providing consumers with a selection of merchandise in neighborhood stores. Shares of FDO fell by 1.67% or $-1.3/share to $76.69. In the past year, the shares have traded as low as $55.64 and as high as $80.97. On average, 1091380 shares of FDO exchange hands on a given day and today's volume is recorded at 5020670.
Target Corporation sells a range of assortment of general merchandise and food in its stores. Shares of TGT traded higher by 0.26% or $0.2/share to $76.63. In the past year, the shares have traded as low as $54.66 and as high as $77.75. On average, 5156180 shares of TGT exchange hands on a given day and today's volume is recorded at 2838709.
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