Activist Starboard Value LP has taken a stake in 1.7% or $370M stake Dollar Tree and is pushing the retailer to sell its Family Dollar business and consider selling some items above $1.00, Cara Lombardo of Wall Street Journal reports, citing people familiar with the matter. The hedge fund is also seeking majority control of the company’s 12-person board, sources told the Journal. Starboard quietly nominated seven directors to Dollar Tree’s board ahead of the nomination deadline last week, Lombardo reports.