This content is from: Innovation

Trian Offers $7.6B For Family Dollar Stores

U.S. investor, Nelson Peltz, is seeking to acquire discount-store chain, Family Dollar Stores.

U.S. investor, Nelson Peltz, is seeking to acquire discount-store chain, Family Dollar Stores, The Wall Street Journal reports. Peltz’s investment firm, Trian Group, has offered $7.6 billion for the acquisition. Trian Group, which already owns around 8% of the North Carolina-based company, first disclosed an investment in 2010.

Trian has also offered Family Dollar Stores’ Chairman and CEO, Howard Levine, to participate as an investor in the deal. Morgan Stanley and Cleary Gottlieb Steen &Hamilton are advising Family Dollar on the deal, adds Bloomberg.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Bloomberg.

Related Content