- "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 (NYSE: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.
- Shares +2.7% AH
- Previous coverage of Icahn and Family Dollar