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