Dollar Tree (DLTR) announced that the company has reached an agreement under which Brigade Capital Management, LP and Macellum Capital Management, will partner to acquire the Company’s Family Dollar business segment. Family Dollar will remain headquartered in Chesapeake, Virginia. The purchase price for Family Dollar, under the terms of the agreement, is $1.007B, subject to customary closing adjustments. 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 transaction is anticipated to close later in the second quarter of 2025, subject to standard closing conditions and regulatory approvals.
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