Family Dollar board rejects takeover offer: "(By Ely Portillo, elyportillo@charlotteobserver.com) Family Dollar's board of directors rejected a New York hedge fund's $7.6billion takeover bid Thursday, a move that keeps the discount retailer independent and leaves managers with the task of showing they can keep pace with competitors.
The company had been silent since financier Nelson Peltz's Trian Fund Management announced in mid-February that it was offering $55 to $60 per share for the Matthews-based company."