Comment on Peltz withdraws Family Dollar bid, son-in-law joins board

Peltz withdraws Family Dollar bid, son-in-law joins board

(Reuters) - Nelson Peltz's son-in-law Edward Garden joined the board of Family Dollar Stores Inc <FDO.N> after the billionaire investor withdrew his offer to buy the discount chain for at least $7 billion. In early March, Family Dollar snubbed Trian Group's bid to buy the company for $55-$60 a share saying it "substantially" undervalued the company. Peltz's Trian Group owns about 8.29 percent of the company's stock. Read More...

 

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