Trian Fund Management sells 6 million shares of Family Dollar

NEW YORK — Family Dollar's second-largest shareholder Trian Fund Management cut its stake in the company by more than two-thirds to 2.07% in the wake of Family Dollar shareholders approving Dollar Tree's acquisition of the company, Reuters reported Tuesday. 

 

According to the report, Trian Fund Management reduced its stake of nearly 8.4 million shares to about 2.4 million. 

 

Trian did not provide a reason for the sale of its stake.