Dollar Tree is selling Family Dollar to a pair of private equity firms for $1 billion after unsuccessfully trying to incorporate the bargain chain for a decade. Dollar Tree Inc. had been scouting options for Family Dollar for a while and it said Wednesday that the sale to Brigade Capital Management and Macellum Capital Management will allow it to focus on its core business. “This is a major milestone in our multi-year transformation journey to help us fully achieve our potential,” CEO Mike Creedon said in a prepared statement. Family Dollar will keep its headquarters in Chesapeake, Virginia. The deal is expected to close later in the second quarter. ...read more read less