Dollar General could see activist interest after share drop
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Dollar General (NYSE:DG) could see pressure from activist investors after its shares plunged 50% this year.
Potential activists that could be interested in Dollar General (DG) include Trian, which tried to buy Family Dollar in 2011, Gordon Haskett's Don Bilson wrote earlier Thursday, responding to inquiries about if DG could become an activist target.
Ed Garden, who formally was chief investment officer of Trian and was also on Family Dollar's board, is another potential activist who could have an interest in Dollar General (DG), Bilson wrote. Garden is reportedly planning to take an activist position when his new family office starts. 
Starboard Value, the activist fund that was agitating for change at Family Dollar in 2019, could also show interest, according to Bilson. An activist could push for DG to cut back on unit growth. 
Though the nomination window for the Dollar General board doesn't start until February, as Bilson highlighted, an activist could show up sooner.
Dollar General's (DG) potential activist interest comes after activist Mantle Ridge took a stake in discount retailer Dollar Tree (DLTR) in 2021, pushing for the company to make improvements at Family Dollar. Dollar Tree shares have fallen 18% this year.
Dollar General (DG) is set to present at Goldman Sachs 30th Annual Global Retail Conference on Wednesday.

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