Billionaire investor Carl Icahn said Family Dollar Stores Inc. should put itself up for sale “immediately” and add three directors that he’s proposing to speed the process.
Family Dollar Stores Inc. is still in play, if short sellers are any guide.
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.
Family Dollar Stores Inc., facing a threat from billionaire activist Carl Icahn, adopted a shareholder-rights plan that will limit investors from acquiring more than 10 percent of the company.
"Dollar General's letter, sent late last night, contained blatant mischaracterizations and did nothing to address the antitrust issues in Dollar General's proposal."
- Howard Levine on Aug 21, 2014