Ackman buys 8.9% stake in Family Dollar

Becomes largest owner of retailer's stock

MATTHEWS, N.C. — Activist investor Bill Ackman, and his Pershing Square Capital Management investment fund, has become the largest owner of Family Dollar stock, according to a regulatory filing.

The filing noted that Ackman has bought a stake of 8.9%.

The news follows just a few months after the retailer turned down an active takeover bid by Nelson Peltz's Trian Fund.

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