Discount store chain Dollar Tree’s three-and-a-half year marriage to rival Family Dollar will soon be put to a big test, thanks to the involvement from a 3rd-party: activist hedge fund Starboard Value
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Starboard reportedly buys a stake in Dollar Tree and is seeking the sale of Family DollarActivist investor Starboard Value has acquired a stake in discount store operator Dollar Tree and is asking the company to sell its Family Dollar business, The Wall Street Journal reported on Sunday.
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Dollar Tree to close 390 Family Dollar stores in 2019Analysts say Family Dollar has been a drag on Dollar Tree's earnings and 'remains the weaker part of the business.'
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Dollar Tree chops value of Family Dollar brand, to shut 390 storesShares of the company rose 2 percent as it reported better-than-expected fourth-quarter same-store sales, along with the results of its full strategic assessment of the Family Dollar business. Hedge fund investor Starboard Value LP in January urged Dollar Tree to explore all alternatives for its Family
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Dollar Tree chops value of Family Dollar brand, to shut 390 storesDollar Tree Inc announced plans to close hundreds more Family Dollar stores on W...
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