Dollar General Says Actively Engaged In Ongoing FTC Regulatory Review Process

(RTTNews) - Dollar General Corp. (DG) said that it is actively engaged in discussions with the Federal Trade Commission or "FTC" regarding the extent of potential divestitures that would be required in connection with an acquisition of Family Dollar Stores, Inc. (FDO) and has been making good progress.

Over the past few weeks, Dollar General has provided the FTC with tens of thousands of documents supporting facts and its broad view of competition. There is no reason to believe that the FTC would take into account only Family Dollar's documents and data or afford them greater significance than Dollar General's own evidence.

Dollar General issued a statement in response to comments made by Dollar Tree, Inc. (DLTR) regarding its view of potential store divestitures that may be required by the Federal Trade Commission in either a Dollar Tree/Family Dollar Stores or a Dollar General/Family Dollar combination.

Dollar General's documents and data tell a very different story from that contained in the press release issued today by Dollar Tree. As Dollar General previously has stated, Walmart, not Family Dollar, is the primary driver regarding Dollar General's strategic pricing decisions, and more than 90% of Dollar General's SKUs are nationally priced.

Dollar General noted that it is confident that its approach to strategic and pricing decisions is both correct and superior to that of Family Dollar and Dollar General has no intention of adopting a flawed strategy -- either now or after an acquisition of Family Dollar -- that it believes would impair its ability to compete with Walmart and lead to inferior financial performance.

Dollar General noted that it will continue to work with the FTC and expects to provide an update in sufficient time to allow Family Dollar shareholders to review such information prior to the Family Dollar shareholders' meeting now scheduled for December 23, 2014.