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Elliott nominates 7 candidates to Family Dollar board
2014年10月17日 / 晚上8点39分 / 3 年前

Elliott nominates 7 candidates to Family Dollar board

Oct 17 (Reuters) - Activist investor Elliott Advisors UK Ltd nominated seven candidates for election to Family Dollar Stores Inc’s board as it looks to push for a sale of the dollar store operator to bigger rival Dollar General Corp.

Elliot holds a stake of about 4.9 percent in Family Dollar, the hedge fund said in a statement on Friday.

Dollar General’s offer was “clearly superior” to Dollar Tree Inc’s bid, Elliot said in a letter to Family Dollar Chief Executive Howard Levine. (Reporting by Yashaswini Swamynathan in Bangalore; Editing by Kirti Pandey)

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