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0 -0.0023188405797101 0.00217391304347834 0.00942028985507255 0.00144927536231896 0.0247826086956523 -0.00391304347826081 -0.0290942028985506
Stock impact report

Dollar Tree to sell Family Dollar business for $1 billion [CNBC]

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: CNBC
said on Wednesday it will sell its Family Dollar business to a consortium of private-equity investors for about $1 billion, as the looks to restructure its business and cut costs. The discount-retail chain, which Dollar Tree bought in 2015 for about $9 billion, will be acquired by Brigade Capital Management and Macellum Capital Management. Shares of Dollar Tree were up 6% in premarket trading. The company, which is in the midst of a restructuring, first said in June it , including a sale, for its Family Dollar business, as it struggled with competition from big-box retailers such as , and online retailers including , Shein and Temu. It appointed a new CEO in December after industry veteran decided to step down following a two-year stint due to health concerns. repla Read more
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