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Dollar Tree Sells Family Dollar to Private Investors for $1 Billion
- Dollar Tree is selling its acquired chain, Family Dollar, to private equity groups for $1 billion.
- Brigade Capital Management and Macellum Capital Management will acquire Family Dollar.
- The deal is expected to close in the second quarter of this year.
- Dollar Tree CEO Mike Creedon mentioned that the focus will be on optimizing Dollar Tree business and advancing growth strategy.
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