Icahn Urges Family Dollar CEO to Seek Sale ‘Immediately’
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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.
“An overwhelming majority of the company’s shareholders would be in favor of a sale,” the activist investor wrote in a letter to Chief Executive Officer Howard Levine. The document, included yesterday in a regulatory filing, referred to a dinner meeting the two held the previous evening. “There would be significant interest from strategic and financial buyers who could recognize massive synergies from an acquisition.”