Dollar Tree selling Family Dollar for about $1B

Dollar Tree is selling its Family Dollar business as the discount chain store tries to turn around its mounting losses under a new leader.  Dollar Tree agreed to sell its Family Dollar business to private equity firms Brigade Capital Management and Macellum Capital Management for roughly $1 billion, the company announced during its fourth-quarter earnings on Wednesday.The deal is expected to close in 90 days with the Family Dollar business remaining headquartered in Chesapeake, Virginia. DOLLAR TREE TO CLOS ...