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The Charlotte Observer reports that Dollar General has confirmed its intention to acquire Dollar Express, which operates 323 discount stores in 36 states, described as "the chain of former Family Dollar stores owned since late 2015 by the private equity firm Sycamore Partners." Terms of the deal were not disclosed.

Dollar General, attempted to acquire all of Family Dollar in 2014, but was stymied by federal regulators, who ruled that for antitrust reasons it was more appropriate for the company to be acquired by Dollar Tree; however, hundreds of stores had to be spun off in order to satisfy the regulators.

The Observer writes that "up to 2,700 part-time and full-time store employees around the country may be losing their jobs" as a result of the new acquisition.
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