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Carl Icahn: I'm Not Going To Be Involved In Family Dollar

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Carl Icahn discussed Family Dollar (NYSE: FDO) and corporate governance in a phone call to CNBC.

Most notably, Icahn said, "I'm not going to be involved anymore," regarding his role as an activist in Family Dollar. "I'm happy we made $200 million in a few months."

Echoing previous comments, Icahn emphasized that Family Dollar CEO Howard Levine’s actions are an example of poor corporate governance.

Related Link: Carl Icahn Snipes At Family Dollar After Questions Raised On His Role

Dollar Tree (NASDAQ: DLTR) stated that an earlier bidder for Family Dollar was driven away by Icahn’s involvement. Icahn, however, said that this is very hard to believe and that a sale would not have happened without his involvement.

The other buyer is rumored to be Dollar General (NYSE: DG), which Monday made an unsolicited $78.50 bid for Family Dollar.

Family Dollar shares were most affected by Icahn’s comments, dropping 0.4 percent on the news.

Posted-In: Carl IcahnCNBC News Hedge Funds Management Media General

 

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