Dollar Tree announced that certain funds affiliated with Mantle Ridge LP and a related selling stockholder have launched a secondary block trade to sell 12,820,400 shares of the company's common stock to J.P. Morgan and Goldman Sachs. The company is not selling any shares in the block trade and will not receive any direct proceeds. Subject to the completion of the block trade, Dollar Tree will repurchase $500 million of common stock from Goldman Sachs at the same per-share price paid by the broker-dealers, funded from cash on hand. The repurchase counts toward the company's existing $2.5 billion share repurchase authorization announced on July 9, 2025. CEO Michael Creedon stated the move reflects disciplined capital allocation and confidence in the long-term outlook.
Dollar Tree IncCompany announces $500M buyback, signaling confidence and disciplined capital allocation.