Dollar Tree Sells Family Dollar to Private Investors for $1 Billion

A decade after acquiring Family Dollar for more than $8 billion, Dollar Tree is selling the chain.A pair of private equity groups will acquire Family Dollar for$1 billion, according to a Wednesday (March 26) press release. The deal comes 16 months after Dollar Tree said it was evaluating the future of Family Dollar amid a decline in consumer spending.Under the deal, which is expected to close in the second quarter of this year, Brigade Capital Management and Macellum Capital Management will team up to take ...