Apollo, Sycamore competing for Dollar Tree’s Family Dollar unit, Reuters reports

Private equity firms Apollo Global Management (APO) and Sycamore Partners are among the suitors vying to acquire the discount Family Dollar retail brand operated by Dollar Tree (DLTR), Reuters’ Abigail Summerville reports, citing people familiar with the matter. Brigade Capital Management has also expressed interest in buying Family Dollar, the sources told Summerville. A deal for the business, which could value the retailer at several billion dollars, is not imminent, as Dollar Tree could opt to keep the unit, the author notes. Shares of Dollar Tree are up over 3% after the news.