UPDATE 2-Icahn becomes largest shareholder in Family Dollar Stores

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unionwv wrote:

..billionaire Carl Icahn became the largest shareholder in Family Dollar Stores Inc after reporting a 9.39 percent stake in the company…Shares of Family Dollar, struggling under declining sales, rose as much as 12 percent in extended trade on Friday… – Reuters

“Hope to continue our streak of value enhancement,” Icahn posted on Twitter.
This corporate raider cares for nothing except pumping up the price of his stock.

What happens to the companies he raids does not concern him – he needs another billion dollars.

In this case, he would like to saddle Dollar general with Family Dollar’s failing enterprise.

WalMart is now challenged by by Dollar General for thrifty customers in their small, off-main-street stores. Icahn could not care less what he does to Dolar General and its customers, namely me, among them.

Jun 09, 2014 1:59pm EDT  --  Report as abuse
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