Earlier expectations that Dollar Tree Inc. would only need to divest 300 stores to gain FTC approval for its merger with Family Dollar Stores Inc. may have proven wrong, and the Federal Trade Commission is now reviewing more than 500 stores, reported Reuters. The agency may also return and review additional stores in the future, according to Dollar Tree.
Should the deal be approved Dollar Tree would likely become the largest discount retailer in the U.S., surpassing rival Dollar General Corp. The merger would give Dollar General about 13,000 stores across the U.S. and Canada before divestitures and more than $18 billion in annual sales. Dollar General has about 11,500 stores.