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Wajeeh Khan

Dollar Tree Is Selling Family Dollar. How Should You Play the Surge in DLTR Stock Here?

Dollar Tree DLTR Family Dollar Jim Cramer FD

Dollar Tree (DLTR) stock is up over 5% on Wednesday, March 26 despite reporting a widening loss for its fiscal Q4. Investors seem content since the discount retailer confirmed the sale of Family Dollar today. 

Macellum Capital and Brigade Capital have agreed to buy Family Dollar for $1.01 billion. While the deal price is sharply below the $8.5 billion for which DLTR acquired that chain in 2015, investors are cheering the news because FD has long been a drag on Dollar Tree’s overall financials. 

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