Post #245 by tecmo on the Real Estate Investment Trusts board

Investment Strategies / Real Estate Investment Trusts

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Sold for $1B (purchased for $9B a few years ago - yikes)

https://finance.yahoo.com/news/dollar-tree-sell-fa...

(Reuters) -Dollar Tree said on Wednesday that a group of private-equity investors would acquire its Family Dollar business for about $1 billion, bringing an end to its nearly year-long search for potential buyers for the troubled discount-store chain.

The 66-year-old business, which Dollar Tree bought in 2015 for about $9 billion, has been grappling with competition from big-box retailers such as Walmart and online retailers, including Amazon, Shein and Temu.

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