Charlotte Observer – A prominent hedge fund investor has increased his stake in Family Dollar Stores Inc. and is now the Matthews-based company’s largest shareholder, according to filings Thursday with the Securities and Exchange Commission.
Bill Ackman, chief executive of hedge fund Pershing Square Capital Management, said Family Dollar would make an attractive takeover target two weeks ago at an investing conference. The retailer has already fended off one $7 billion takeover this year, from Trian Fund Management.
