Deals
Shorts Spurn Family Dollar as Buyout Expectations Loom: Real M&A
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Family Dollar Stores Inc. is still in play, if short sellers are any guide.
While the $6.4 billion retailer hasn’t had much good news for shareholders lately, bets against the stock reached a record low last week, according to Markit data compiled by Bloomberg. That’s because investors are expecting an acquirer or activist to swoop in, said Wedbush Inc. It also helps that the hedge funds run by billionaires Nelson Peltz and John Paulson are two of the three biggest investors, and Peltz’s firm has a seat on the board.