Dollar Tree is selling Family Dollar for $1 billion, after buying it for $8.5 billion in 2015 Dollar Tree Inc.'s stock climbed 3.1% Wednesday after the discount retailer announced the sale of its ...

Dollar Tree DLTR acquired Family Dollar in 2015 following a bidding war with rival Dollar General Corp. DG, spending about $8.5 billion in cash and stock to purchase the discount chain.

Chesapeake, Va.-based Dollar Tree DLTR announced the move as it posted net income of $300.1 million, or $1.38 a share, for the quarter to May 4, up from $299.0 million, or $1.35 a share, in the ...

Dollar Tree Inc.’s stock climbed 3.1% Wednesday after the discount retailer announced the sale of its Family Dollar business to Brigade Capital Management and Macellum Capital Management for $1 ...