Starboard Acquires Dollar Tree Stake, Wants Divorce from Family Dollar
Hedge fund Starboard Value acquired a 1.7 percent stake in Dollar Tree, and it immediately had a request — ditch Family Dollar. The hedge fund requested that Dollar Tree check “all strategic alternatives” regarding the underperforming Family Dollar chain, including selling it. Dollar Tree acquired Family Dollar in July 2015.
Starboard also urged Dollar Tree to test new pricing strategies to expand beyond its traditional $1 price point. Starboard said it has selected some candidates for the Dollar Tree board.
Read more at Forbes.