Billionaire activist investor Carl Icahn amassed a new 9.4 percent stake in Family Dollar Stores Inc. and will seek talks with the discount retailer’s management and board about ways to boost shareholder value.
RadioShack Corp.’s plan to revive its stores would have been difficult to execute even in the best of times. Now it’s contending with an industrywide slump in electronics demand that’s also hurting healthier rivals.
Family Dollar Stores Inc. , which billionaire investor Nelson Peltz offered to buy for $7.7 billion, is the most likely to fail among 2011 deals, according to traders who profit from mergers and acquisitions.
Williams-Sonoma Inc.’s shares jumped to a two-year high and trading of bullish options surged to the highest level since July on renewed speculation that the U.S. gourmet-cookware retailer may be acquired.