Dollar Tree Stores, Inc. (NASDAQ:DLTR) has announced that it has reorganized its structure by creating a new holding company structure. The effective date is today.
The company noted that the primary purpose of the reorganization "was to create a more efficient corporate structure." The business operations of the company and its subsidiaries will not change as a result of the reorganization.
The new parent name is now Dollar Tree, Inc., and it will maintain its "DLTR" ticker on NASDAQ. All outstanding shares are converting and effectively there are no changes to shareholders.
Obviously the bean counters determined that the company would either have higher income from accounting changes, or maybe a tax benefit. Who knows for sure. Hopefully they didn’t buy the play book for $1.00.
Jon C. Ogg
March 3, 2008