Carl Icahn is now the largest shareholder in Family Dollar Stores, Inc. (NYSE:FDO). The aggressive activist investor disclosed a massive stake in the consumer goods retailer on Friday. Family Dollar’s stock is soaring today on the news, up over 14% already. Icahn is now the largest stakeholder, company responds with poison pill Icahn revealed a stake of 10.7 million shares, amounting to a 9.4% ownership, via an SEC 13D filing. As is the custom with Icahn, he plans to campaign for board seats, saying that shares of the company are undervalued. Icahn said that the situation at Family Dollar Stores, Inc….
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
