A Family Dollar store in Charlotte. Paul Singer's Elliott Advisors Ltd. revealed a 4.9 percent stake in Family Dollar Stores Inc., and is pushing America's second largest retailer to sell to Dollar General Corp., a scenario quite similar to the Carl Icahn scene that happened recently. According to a statement yesterday, Elliott encouraged the opinion by assigning seven directors. A revitalized board will give an actual playing field for Dollar General, whose $80 per share for Family Dollar was rejected for a much lower offer from Dollar Tree Inc., two months ago. Family Dollar's board comprising of 11 members will be appointed at its annual shareholder meeting, which is regularly held in January. The vote on the Dollar Tree offer is most probably set to occur in November. In an event that investors reject it, then they may back Dollar General's bid to acquire Family Dollar, which would uproot the need to redo the board.