Dollar General remains committed to Family Dollar acquisition

GOODLETTSVILLE, Tenn. — Dollar General Wednesday afternoon affirmed its commitment to the acquisition of Family Dollar Stores.

 

Earlier in the day, The New York Post reported that the Federal Trade Commission may require Dollar General to divest as many as 4,000 stores to get the deal done. 

 

Dollar General reported that it is actively engaged in discussions with the FTC regarding the extent of potential divestitures that would be required in connection with an acquisition of Family Dollar and has been making good progress. "Dollar General will continue to work with the FTC and expects to provide an update in the coming weeks to allow Family Dollar shareholders sufficient time to review such information prior to the Family Dollar shareholders’ meeting now scheduled for Dec. 23, 2014," the company stated.

 

Goldman, Sachs & Co. is acting as financial advisor to Dollar General. KKR Capital Markets and MCS Capital Markets are advising Dollar General on the financing. Simpson Thacher & Bartlett is acting as its legal counsel.