Reported 27 days ago
Dollar Tree's stock rose nearly 7% in premarket trading following its announcement of a $1 billion sale of the Family Dollar brand to private-equity firms Brigade Capital and Macellum Capital. The deal, expected to close in the second quarter, is anticipated to yield over $800 million in net proceeds. Dollar Tree previously acquired Family Dollar for over $9 billion in 2014 and has been restructuring, including closing underperforming stores. The company reported an adjusted EPS of $2.11 and projected sales between $18.5 billion and $19.1 billion for 2025.
Source: YAHOO