Carl Icahn discussed family dollar 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 (NYSE: FDO). “I’m happy we made $200 million in a few months.”
Echoing previous comments, Icahn emphasised that Family Dollar CEO Howard Levine’s actions are an example of poor corporate governance.
Related: 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, says 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), who made an unsolicited $78.50 bid for Family Dollar Monday.
Family Dollar shares are most affected by Icahn’s comments, dropping 0.4 percent on the news.
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