Dollar Tree sells Family Dollar for $1 billion

(WJET/WFXP) — Dollar Tree has announced that it has reached an agreement to sell Family Dollar in a $1 billion deal, ending the short-lived merger deal that it believed would help the company compete against its larger, growing rivals.

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This deal is a significant discount from the original 2015 purchase price of more than $8 billion. Family Dollar will be sold to a partnership between...