CovOps
Location : Ether-Sphere Job/hobbies : Irrationality Exterminator Humor : Über Serious
| Subject: Disgusting: 20 states join U.S. antitrust probe of Family Dollar merger Fri Jan 09, 2015 11:15 pm | |
| Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp (DG.N) and Dollar Tree Inc (DLTR.O) to buy Family Dollar Stores Inc (FDO.N), a development that potentially complicates the companies' efforts to win U.S. approval for a deal. The attorneys general concern focuses on the likelihood that the loss of one of the chains would lead to higher prices for discount store customers, many of whom are poor, said two sources who spoke privately because they were not authorized to speak to reporters.
Family Dollar, the No. 2 U.S. discount retailer, had previously disclosed that state attorneys general were involved in the federal investigation but gave no details.
The 20 states looking at this deal are similar in number to those looking at Comcast Corp’s (CMCSA.O) plan to buy Time Warner Cable Inc (TWC.N) and Sysco Corp’s (SYY.N) bid for US Foods Inc [USFOO.UL], both of which are high-profile deals.
http://www.reuters.com/article/2015/01/09/us-familydollar-dollar-general-states-idUSKBN0KI23620150109?feedType=RSS&feedName=topNews |
|