NEW YORK (CBSDFW.COM/AP) — Dollar Tree says it expects to reach a deal in the coming days to sell about 330 Family Dollar stores in order to receive approval of its $8.5 billion takeover of Family Dollar.READ MORE: Suspect In Murder At Dallas Restaurant Arrested In West Texas
The dollar-store chain did not name the possible buyer for the Family Dollar stores or which locations would be sold. The Federal Trade Commission is requiring Dollar Tree to sell the stores.READ MORE: Executive Director of Catholic Charities Says COVID-Stricken Migrants Eating At Whataburger An 'Isolated Case'
Even after selling the stores, a combination of Dollar Tree and Family Dollar would create the largest dollar store company in the country with more than 13,000 stores. Virginia-based Dollar Tree currently operates 5,450 stores and Family Dollar has more than 8,000. Both stores have dozens of locations across North Texas.
Dollar Tree Inc. now expects its acquisition of Family Dollar Stores Inc. to close in early July.MORE NEWS: Suspects Sought In Murder Of 60-Year-Old Mother Inside Garland Home
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