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Dollar Tree’s decade-long effort to fold the Family Dollar chain into its business is ending after agreeing to sell the bargain store chain to a pair of private equity firms for $1 billion.

Dollar Tree shares extended their Wednesday gains into Thursday as analysts register bullishness on the retailer's deal to sell the Family Dollar brand.

Dollar Tree is selling Family Dollar to private equity firms Brigade Capital Management and Macellum Capital Management for approximately $1 billion.