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0.002169197396963 0.002169197396963 0.010701373825018 0.00361532899493854 -0.00173535791757056 -0.0115690527838033 -0.0166305133767174 -0.0310918293564715
Stock impact report

Dollar Tree is selling Family Dollar, ending its disastrous merger [CNN]

Dollar Tree, Inc. (DLTR) 
Last dollar tree, inc. earnings: 3/4 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: dollartreeinfo.com/investors
Company Research Source: CNN
Family Dollar will be sold to private equity groups Brigade Capital Management and Macellum Capital Management, pending regulatory approval that is expected to clear next quarter. Dollar Tree bought Family dollar in 2015 for $9 billion. “After a thorough review of potential alternatives for the Family Dollar business segment, the Dollar Tree leadership team and Board of Directors determined that a sale of Family Dollar to Brigade and Macellum best unlocks value for Dollar Tree shareholders and positions Family Dollar for future success,” the company said in a statement Family Dollar has around 8,000 US stores, catering to low-income customers predominantly in cities with prices typically ranging from $1 to $10. The chain has struggled in recent years. Last year, Family Dollar announced plans to close more than 900 stores and was put up for sale. Messy stores, high prices and over-expansion have plagued Family Dollar, analysts say. The chain has also faced steep competition from Show less Read more
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