Dollar Tree Jumps On Activist Investor Report Has A $ 1.8 Billion Share By


© Reuters.

By Dhirendra Tripathi – Dollar Tree (NASDAQ 🙂 stock traded more than 6% on Monday premarket according to a Wall Street Journal report that activist investor Mantle Ridge has a stake of at least 1.8 billion dollars into the company and plans to get the dealer to take action to raise its share price.

A Mantle Ridge-sized stake would amount to more than 5% of the company’s shares and make Mantle Ridge one of its two main investors, according to FactSet. Dollar Tree had a market cap of over $ 25 billion as of Friday’s close.

The shares gained 19% in one year versus a 31% jump in. The company’s margins came under pressure as inflation took root, challenging its core model of storing and selling most products under $ 1. It had to move more products to sell above that price. .

Mantle Ridge may decide to appoint directors to the company’s board of directors when the one-month window to do so opens on November 24, the WSJ report said.

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