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Update: Dollar Tree Acquisition Of Family Dollar Takes Another Twist

The bidding war came to an end last month, with Dollar Tree (NASDAQ:DLTR) and Dollar General (NYSE:DG) moving to acquire one of their largest competitors, Family Dollar (NYSE:FDO). The bidding war ended when FDO's shareholders finally approved DLTR's lower bid, in accordance with the suggestions of its management and proxy advisor firms. The DLTR bid of $74.5 per share was $5.5 per share lower than the DG bid. The main reason behind the approval of the lower bid was anti-trust laws. The management and the proxy firms believed that DG could not win the approval of regulatory bodies due to the large number of stores that were required to be divested. DG, at that time, was willing to divest as many as 1,300…