Deals
Family Dollar Shareholder Peltz Withdraws $7.7 Billion Offer
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Family Dollar Stores Inc. shareholder Nelson Peltz withdrew his $7.7 billion offer to buy the discount retailer and instead placed an ally on its board to work on increasing the company’s value.
Edward P. Garden, chief investment officer of Peltz’s Trian Fund Management LP, will join Family Dollar’s board, which has been expanded to 11 directors, the Matthews, North Carolina-based retailer said today in a statement.