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Investor Wants Dollar Tree to Sell Stuff for More Than $1
A dollar doesn’t buy as much as it did 30 years ago. That’s why one activist investor thinks it’s time for Dollar Tree to raise its prices. Jeffrey Smith, CEO of Starboard Value, a hedge fund, wrote to Dollar Tree CEO Gary Philbin Monday to disclose that his fund had taken a 1.7% stake in the bargain retailer. Starboard said it wants Dollar Tree to make some big changes.
