Peltz’s Trian Urges Family Dollar to Reconsider Snubbed Bid

Nelson Peltz’s Trian Fund Management LP urged Family Dollar Stores Inc. to reconsider its rejection of the hedge-fund firm’s takeover offer, saying it’s confident of raising the capital necessary.

Trian also asked Family Dollar for a confidentiality agreement so it can perform due diligence, according to a regulatory filing today. New York-based Trian, which owns about 8 percent of the retailer, said it plans to fund the offer with at least $5 billion of debt and as much as $3 billion of equity.