Nelson Peltz: 5 Facts About the Investor Set to Pay $7.6 Billion for Family Dollar Chain

The Family Dollar is going a lot further than it used to.

According to a regulatory filing made public today, Nelson Peltz is offering to buy discount retailer Family Dollar Stores Inc. for the sum of $7.6 billion, The Wall Street Journal reported. Word of the possible deal caused Family Dollar shares to jump in after-hours trading.

So who is the man making such a generous offer for the discount chain? Surge Desk has some answers.

1. He's no stranger to megadeals
Peltz recently sold a $1.3 million stake in Dr Pepper Snapple, Forbes reported. He's also built up a $1.5 million investment in Kellogg. In 2007, Peltz bought a 3 percent share of Cadbury-Schweppes and bought a $1.8 billion stake in Kraft Foods.

2. He never finished college
Though he started to get an undergraduate degree at the University of Pennsylvania's Wharton School of Business, Peltz dropped out to become a ski bum and to eventually work for his family business, selling produce in New York City.

3. Yep, he's in the billionaire's club
Peltz's estimated net worth is said to be in the order of $1.05 billion, qualifying him for a spot on the Forbes 400 list of the world's richest people.

4. He knows his fast food
From 1993 to 2007, Peltz served as the chairman and CEO of Triarc Cos., which bought the Wendy's chain in 2008. Peltz also serves on the board of directors for a company very much linked to the fast-food industry: Heinz.

5. He's not afraid to pay the asking price
In 1997, after badgering Quaker Oats for months, Peltz convinced the company to sell him the Snapple beverage brand. "The asking price was $300 million," Peltz told the Harvard Business School, "and we bought it for $300 million." Three years later, Peltz and Triarc sold Snapple for $1.5 billion.

Follow Surge Desk on Twitter.