Icahn demands immediate sale of Family Dollar

|About: Family Dollar Stores Inc. (FDO)|By:, SA News Editor

"We believe there would be significant interest from strategic and financial buyers who could recognize massive synergies from an acquisition of the company," says Carl Icahn in a letter to Family Dollar (FDO) Chairman and CEO Howard Levine. "Consolidation in this space is inevitable and we believe that now is not the time for continued passivity."

Icahn adds he would like to work "collaboratively" with management, but, if not, will be commencing a consent solicitation to remove the board.

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