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Dollar Tree selling off Family Dollar chain amid ‘multiyear transformation’

By Asher Notheis
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Dollar Tree announced Wednesday that it will sell off the Family Dollar chain a decade after acquiring those stores.

The bargain retail chain announced that Brigade Capital Management and Macellum Capital Management would partner to acquire Family Dollar for roughly $1 billion. Dollar Tree originally completed its acquisition of Family Dollar in 2015 for $9 billion.

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