Mr. Peltz’s Trian Group contacted Family Dollar’s chairman and chief executive, Howard Levine, on Tuesday and said it had amassed a 7.9 percent stake in the retailer, according to the filing. The investment firm has offered to pay between $55 to $60 a share in cash for the rest of the company, valuing Family Dollar at between $7 billion and nearly $7.6 billion.

At the low end of the range, Trian’s offer represents a 25 percent premium over Family Dollar’s Tuesday closing stock price of $43.96. Shares in the company soared more than 30 percent in after-hours trading.

Family Dollar’s stock has risen 39 percent over the past 12 months.

via Peltz Offers More Than $7 Billion for Family Dollar – NYTimes.com.

 

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