Is Family Dollar still in play?


Carl Icahn is hopeful a higher offer for Family Dollar (FDO +24.6%) comes down the road, according to a blog post on Shareholderssquaretable.com.

If a bidder comes in to offer more than Dollar Tree for Family Dollar, it won't be Dollar General (DG +0.1%), according to Bloomberg. Dollar General reportedly passed on making an over-the-top offer.

Family Dollar currently trades at $75.47, above the $74.50 DLTR offer price.

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Comments (3)
  • lancejay
    , contributor
    Comments (99) | Send Message
     
    Carl Icahn should be fortunate to take his money and be happy with the 25% return today. I have owned Family Dollar Stores in the past and the only thing that I heard about them was how rotten the stores were. I wish that all of my undervalued stocks should be so fortunate.
    28 Jul 2014, 03:06 PM Reply Like
  • Juan Gutierrez
    , contributor
    Comments (23) | Send Message
     
    Icahn clearly knows what he is doing.
    28 Jul 2014, 05:25 PM Reply Like
  • lancejay
    , contributor
    Comments (99) | Send Message
     
    Well sometimes it is luck. But a common strategy is to take a beaten down stock; accumulate a position and then make noise about changes. Unfortunately this strategy is not available to the regular investors.
    30 Jul 2014, 03:43 PM Reply Like
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