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Dollar Tree announced on Monday the completion of the sale of its Family Dollar business. The Chesapeake-based company sold the business segment to Brigade and Macellum, two capital management ...
Dollar Tree has completed its sale of the Family Dollar segment of its business for just over $1 billion, according to a press release on the Chesapeake-based company's website.
Dollar Tree on Monday announced it has completed the sale of its Family Dollar business segment for about $1 billion.
Dollar Tree expects the economic impact of tax benefits from losses on the sale to be approximately $375 million. Duncan MacNaughton will serve as chairman and CEO of the divested Family Dollar.