Icahn Buys Stake in Family Dollar, Seeks Talks on Boosting Value
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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.
Icahn and his affiliates bought 10.7 million shares and options for about $265.8 million, according to a filing yesterday with the U.S. Securities and Exchange Commission. He may push for operating changes and ask the company to explore strategic alternatives, as well as potentially seeking board seats, according to the filing.