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Family Dollar rejects takeover bid, boosts private-label efforts
MATTHEWS, N.C. — Family Dollar on Thursday said "no thanks" to an active investor's takeover bid.
The discount retailer said the buyout offer of $55 to $60 per share, made by Nelson Peltz's Trian Fund, "undervalued" the company. Family Dollar did, however, strike a deal with Marketing Management to help boost its private-label efforts.
Through this strategic alliance, MMI will help Family Dollar with such private-label issues as sourcing, product development, category analytics, assortment strategy, quality assurance and customer insights.
