Deals
Who, Besides Carl Icahn, Really Shops at Dollar Stores?
This article is for subscribers only.
Activist investor Carl Icahn, who seems to be on a perpetual shopping spree for underperforming companies ripe for restructuring, picked up a few things at Family Dollar Stores this summer. By accumulating a 9.4 percent stake in the retailer in June while pressing it to seek a buyer, Icahn set in motion a bidding war for Family Dollar between fellow discounters Dollar General and Dollar Tree.
Dollar Tree was the original suitor—then Dollar General came in with a higher offer. The latest twist came on Thursday, when Family Dollar rejected Dollar General’s bid, sticking with Dollar Tree’s lower offer.