Sycamore to Acquire 330 Family Dollar Stores Pending Dollar Tree Merger
June 02, 2015
Sycamore Partners has agreed to acquire a divestiture package of 330 Family Dollar stores from Dollar Tree (NASDAQ: DLTR), a deal contingent on Dollar Tree's pending $8.5 billion acquisition of Family Dollar (NYSE: FDO). The agreement serves to address FTC concerns regarding the discount retail chain mega-merger. The 330 stores represent approximately $45.5 million of operating income for Family Dollar, and Sycamore intends to operate them under the Dollar Express banner. Dollar Tree plans to close the Family Dollar merger in early July.