Davis Polk is advising J.P. Morgan Securities as financial adviser to Dollar Tree, Inc. in connection with its approximately $8.5 billion acquisition of Family Dollar Stores, Inc. The transaction, which has been unanimously approved by the boards of directors of both companies, is expected to close by early 2015.

Dollar Tree operates 5,080 stores in 48 states and five Canadian provinces, with total retail selling square footage of 44 million. Family Dollar Stores offer a mix of name-brands and quality, private-brand merchandise in more than 8,200 stores in rural and urban settings across 46 states.

The Davis Polk corporate team includes partner Phillip R. Mills and associate Francesca Campbell. All members of the Davis Polk team are based in the New York office.