NEW YORK (TheStreet) -- TheStreet's Jim Cramer asks how high the bidding will go for Family Dollar  (FDO) . Dollar General  (DG - Get Report) increased its bid to $80 a share in cash and also promised to close up to 1,500 stores.

Cramer says this move is a rebuttal to Family Dollar's method of stopping the deal, which is to say there is too much overlap compared to Dollar Tree  (DLTR - Get Report) , which has very little overlap.

Cramer calls the Dollar Tree deal the "bird in the hand" because he thinks the antitrust review on a Dollar General deal would be very tough. He believes the government would regard these companies as a particular class of stores, unlike Walmart  (WMT - Get Report) or Target  (TGT - Get Report) , that appeals to the lower middle class and must be protected.

Must Watch: Dollar General Ups The Ante in Family Dollar Pursuit

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Cramer still thinks "this thing is in play" and would rather own Dollar Tree than Family Dollar because "you could go up either way."

TheStreet Ratings team also rates Dollar Tree as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate DOLLAR TREE INC (DLTR) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

You can view the full analysis from the report here: DLTR Ratings Report

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.