Dollar Tree stockholders plan to sell about 12.8 million shares of the discount retailer's common stock to JPMorgan and Goldman Sachs.
The Chesapeake, Va., company said Thursday the selling stockholders include funds affiliated with Mantle Ridge. Dollar Tree will not receive any direct proceeds from the block trade from the selling stockholders, the company said.
When the block trade is completed, Dollar Tree plans to repurchase$500 million of common stock from Goldman Sachs, at a per-share price equal to the price per share payable by the broker-dealers in the block trade. The company expects to fund the share repurchase from cash on hand.
The repurchase will count toward Dollar Tree's existing $2.5 billion share-repurchase authorization, which it had disclosed last year.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
June 25, 2026 11:51 ET (15:51 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.