Katie O'Brien
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Katie O'Brien in Senior Content Editor,

Family Dollar to Divest 340 Locations

Family Dollar (NYSE: FDO) will divest 340 of its locations in compliance with Federal Trade Commission regulations, according to The Charlotte Observer. Dollar Tree acquired the dollar store chain in January for $8.5 billion.

According to the FTC, Family Dollar needs to divest these locations to preserve consumer competition, The Charlotte Observer reported. Currently, Family Dollar has 8,100 locations and Dollar Tree has 5,300. 

According to The Charlotte Observer, the complete acquisition should be finished by May.