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Dollar Tree names Mantle Ridge founder to board -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A Dollar Tree sign can be seen at the Washington store on June 1, 2021. REUTERS/Erin Scott

(Reuters). – Discount Store Operator Dollar Tree Inc (NASDAQ) announced Tuesday that Paul Hilal, the founder of Mantle Ridge activist investor firm, was named to its board. Richard Dreiling, a rival Dollar General (NYSE), has been appointed its executive chair.

Dollar Tree stated that it had offered to negotiate a settlement to Mantle Ridge, as well as handing a seat on its board to an ex-chief executive from a competitor retailer. It called Mantle Ridge’s attempt to take control of the board by activist investor firm “unwarrantedly aggressive”

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