Trian Offers $7.6B For Family Dollar Stores

U.S. investor,Nelson Peltz, is seeking to acquire discount-store chain,Family Dollar Stores,The Wall Street Journalreports. 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 StanleyandCleary Gottlieb Steen &Hamiltonare advising Family Dollar on the deal, addsBloomberg.

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