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Nelson Peltz cuts stake in Family Dollar


    (Reuters) - Activist investor Nelson Peltz's Trian Fund Management LP cut its stake in Family Dollar Stores Inc to 2.07 percent from 7.3 percent.

    Trian Management sold about 6 million shares of the discount retailer, the hedge fund said in a regulatory filing on Tuesday. (http://1.usa.gov/1EolGvx)

    Family Dollar's shareholders approved an $8.5 billion deal last week to be bought by Dollar Tree Inc , scuppering a higher hostile offer from larger rival Dollar General Corp