Starboard Value has taken a 1.7% stake in Dollar Tree (NASDAQ:DLTR), sources tell The Wall Street Journal.
The activist investor is said to be pushing the retailer to sell its Family Dollar business and change its pricing model. Starboard has also quietly named seven candidates for the Dollar Tree board as part of its push.
Shares of Dollar Tree are down 16% over the last 52 weeks.
DLT +0.66% premarket to $93.50.
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