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July 29, 2014

Dollar Tree steps up fight against Wal-Mart, buys Family Dollar

By CANDICE CHOI
Associated Press

NEW YORK — The fight for penny pinchers is intensifying.

Dollar Tree said Monday it is buying rival discounter Family Dollar for $8.5 billion, significantly broadening its reach as it looks to fend off Wal-Mart, which has been stepping up its courtship of lower-income customers


 
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