Skip to main content

Paul Hilal learned at the feet of Bill Ackman, and until recently those feet tended to get covered in excrement every time they waded into the retail space. No matter, for Hilal is showing that what he really learned from Ackman during his time at Pershing Square Capital Management was gaudy confidence.

Mantle Ridge has been speaking to investors about raising a special purpose vehicle to build a stake in discount retailer Dollar Tree Inc., according to people familiar with the matter.

The New York-based hedge fund has reached out to sovereign wealth funds and family offices regarding the potential vehicle…. It’s not clear what kind of changes Mantle Ridge may seek at the Chesapeake, Virginia-based company….

This wouldn’t be the first time Dollar Tree has been targeted by an activist. In 2019, Starboard Value took a stake in Dollar Tree, and called on the company to implement changes, including spinning off its Family Dollar business. It also nominated seven directors to the board before dropping its proxy fight.

Hedge Fund Mantle Ridge Considers Potential Activist Push at Dollar Tree [Bloomberg]

For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker.

Related

ackman-gorton3

Who’s Administering The Enemas Now, Danny?

Bill Ackman and his new buddy are holding the tube this time.

Getty Images

Too Big To SPAC

The SPAC is dead! Long live the SPARC!

(Getty Images)

Stale Hedge Fund Holdings Reports Saved From SEC’s Senseless Scalpel

Getting rid of most 13Fs proves too unpopular even for someone with nothing to lose like Jay Clayton.

ackman3

Bill Ackman Bought 152 Million ADP Shares Too Few

He really thought he was gonna win this time.

icahn-hulk

Carl Icahn Thinks Gas Utility Is Bloated Enough Already

And Uncle Carl knows a thing or two about that.

ackman3

Bill Ackman Finds Actual Can’t-Miss Investment

When others short Bill Ackman, he goes long!