Dollar Tree to Divest Family Dollar Business to Brigade and Macellum Capital Management
Reuters
03-26
March 26 (Reuters) - Dollar Tree Inc :: *DOLLAR TREE ANNOUNCES AGREEMENT TO DIVEST ITS FAMILY DOLLAR BUSINESS TO BRIGADE CAPITAL MANAGEMENT AND MACELLUM CAPITAL MANAGEMENT *DOLLAR TREE INC - FAMILY DOLLAR PURCHASE PRICE SET AT $1.007 BILLION *DOLLAR TREE INC - PURCHASE PRICE FOR FAMILY DOLLAR, UNDER TERMS OF AGREEMENT, IS $1,007.0 MILLION, SUBJECT TO CUSTOMARY CLOSING ADJUSTMENTS. *DOLLAR TREE INC - FAMILY DOLLAR TO REMAIN HEADQUARTERED IN CHESAPEAKE, VIRGINIA *DOLLAR TREE INC - TRANSACTION EXPECTED TO CLOSE IN Q2 2025 *DOLLAR TREE INC - DUNCAN MACNAUGHTON TO JOIN FAMILY DOLLAR AS CHAIRMAN