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The acquisition of The May Department Stores Company by Federated Department Stores was announced on February 28, 2005, and was completed on August 30, 2005. May-owned regional department stores throughout the United States were converted to Federated-owned Macy's and Bloomingdale's stores by September 9, 2006. At the time, the US$11 billion transaction was the largest retail transaction in the United States, and Federated became the third-largest general merchandise retailer in the country.
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