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Stock Market & Financial Investment News

News Breaks
February 8, 2013
14:25 EDTDLTRDollar Tree spikes above its 10-day moving average, levels to watch
The shares are up over 4% at time of writing, breaking above resistance at the 10-day moving average, last at $40.06 and now support. At the current price of $40.98, next resistance is at $41.53, a recent pivot high.
News For DLTR From The Last 14 Days
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March 13, 2015
11:27 EDTDLTRDollar Tree says FTC has identified 250 stores for divestiture to date
Dollar Tree (DLTR) disclosed in a regulatory filing that, as of March 10, the FTC has identified approximately 250 stores for divestiture, representing approximately $34M of operating income, related to the company's planned acquisition of Family Dollar (FDO). "We expect the FTC to substantially complete its review of all remaining stores in the near future. We continue to estimate that no more than roughly 300 stores will be required to be divested, although we can give no assurance as to the exact number and it could be more or less than 300. In parallel, we have made good progress with divestiture buyers and have received multiple indications of interest from buyers, each of whom intend to operate these divested locations as dollar stores to address the FTC's concerns. We will work to secure FTC approval and finalize divestiture agreements with the selected bidder(s) as soon as practical," the company added. Dollar Tree note that it is working to close the proposed merger as early as April, but it is uncertain whether the FTC will approve the transaction by that date.

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