Dollar Tree to shed some stores for Family Dollar deal approval

Dollar Tree Inc. on Friday gave an optimistic update on its pending $8.5 billion acquisition of Family Dollar Stores Inc., saying it will have to divest a "relatively small" number of stores to secure U.S. antitrust approval of the deal, which could close as early as February.

According to Reuters, Dollar Tree is working with the Federal Trade Commission during the next few weeks to determine what divestitures would be required.

Dollar Tree has said it would be willing to close as many stores as necessary to see the deal through.

Read more from Reuters.