Dollar Tree Inc. said Thursday it has been cleared by the Federal Trade Commission to acquire Family Dollar Stores Inc., bringing to a close a merger saga that started nearly a year ago.
Dollar Tree anticipates closing the deal — worth nearly $9 billion — on Monday, according to a regulatory filing. The company had targeted a May close date.
The Virginia-based operator of discount stores said in April that the FTC had substantially completed its review of the planned acquisition and identified about 340 stores for divestiture.
On Thursday, the it has required the retailers to sell 330 Family Dollar stores — including seven in Colorado — to Sycamore Partners, a private equity firm.
Colorado Family Dollar stores earmarked for sale are:
• 5418 Federal Blvd. in Denver;
• 10204 E. Colfax Ave. in Aurora;
• 8495 Pecos St. in Federal Heights;
• 1355 S. Sheridan Blvd. in Lakewood;
• 1736 S. Circle Drive and 20 Widefield Blvd. in Colorado Springs;
• And either the Family Dollar at 1820 W. Uintah St. or the Dollar Tree at 1776 W. Uintah St.
The settlement agreement is subject to a 30-day public comment period.
In January, Family Dollar shareholders overwhelmingly approved being sold to Dollar Tree, choosing regulatory certainty over a riskier — but higher — offer from Dollar General.
Shares of Dollar Tree have increased about 13 percent this year through Wednesday’s close.
Denver Post reporter Alicia Wallace contributed to this report.
