Activist Investor Buys Stake in Family Dollar

Investment funds affiliated with activist investor Nelson Peltz and his Trian Group have acquired a 6.58% stake in Family Dollar Stores and said they seek to improve the company's operating performance.

MATTHEWS, N.C. — Investment funds affiliated with activist investor Nelson Peltz and his Trian Group have acquired a 6.58% stake in Family Dollar Stores and said they seek to improve the company's operating performance.

In a filing with the Securities and Exchange Commission yesterday, New York-based Trian Group, which has exerted its influence at H.J. Heinz Co., Arby's and Wendy's, among other companies, said it has met with Howard Levine, chairman and chief executive officer

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