Private equity firms Apollo Global Management and Sycamore Partners are among the bidders who are competing to acquire Family Dollar, a discount retail brand operated by Dollar Tree, according to people familiar with the matter.

Dollar Tree's management is exploring the potential sale or spin-off of Family Dollar segment. Read why DLTR stock represents an under-the-radar opportunity.

Private equity firms Apollo Global (APO) and Sycamore Partners are competing to purchase the Family Dollar chain from Dollar Tree (NASDAQ:DLTR). Dollar Tree rose 3.5%. Investment firm Brigade Capital Management has also shown interest in Family Dollar,

Joann is slated to close around 500 locations in 2025, and other retail chains are shutting down stores for a variety of reasons.

Apollo Global Management, Sycamore Partners and Brigade Capital Management are reportedly interested in acquiring Family Dollar.

The general mood among these heavyweight investors is divided, with 68% leaning bullish and 21% bearish. Among these notable options, 8 are puts, totaling $521,613, and 11 are calls, amounting to $1,481,910.

Firefighters responded to a reported fire at the Family Dollar and Dollar Tree store on Water Street in Dundee around 5:40 p.m. Thursday. Crews from Dundee, Penn Yan, and Himrod arrived as the store was evacuated, though no visible smoke or flames were seen from outside.

Private equity firms Apollo Global Management (APO) and Sycamore Partners are among the bidders who are competing to acquire the discount

A deal for Family Dollar, which could value the retailer at several billion dollars, is not imminent, the sources said, cautioning that Dollar Tree could choose not to sell the business.

A deal for Family Dollar, which could value the retailer at several billion dollars, is not imminent, the sources said, cautioning that Dollar Tree could choose not to sell the business.

A deal for Family Dollar, which could value the retailer at several billion dollars, is not imminent, the sources said, cautioning that Dollar Tree could choose not to sell the business.