Dollar Tree to Sell Family Dollar Business for $1 Billion
Dollar Tree agreed to a sale of its Family Dollar business to a consortium of private-equity investors for roughly $1 billion, in a bid to unlock value and continue on its turnaround plans under fresh leadership.
The details
The discount-retail chain is set to be acquired by Brigade Capital Management and Macellum Capital Management, the company announced Wednesday, confirming an earlier report from The Wall Street Journal.