Exclusive: Icahn sells entire stake in Family Dollar - sources

[alp227]

Source: Reuters

Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc (FDO.N), making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday.

Dollar Tree Inc (DLTR.O) agreed in July to buy Family Dollar for $8.5 billion. Since then, however, the deep-discount retailer has drawn competing interest from Dollar General Corp (DG.N), which has bid $9.1 billion for its smaller rival.

Icahn became Family Dollar's largest shareholder in June, when he disclosed a 9.4 percent stake in the struggling retailer and pushed the company to sell itself.

At the end of July, Icahn disclosed he had reduced his position to 3.61 percent.

Read more: http://www.reuters.com/article/2014/09/03/us-familydollar-m-a-icahn-exclusive-idUSKBN0GY2AQ20140903

[SoapBox]

1. Fuck Icahn.

...became the largest investor.

...then pushed the company to sell itself.

...then cashed in his shares for a profit of $200 million.

Fuck this vulture.