Icahn takes some profits on Family Dollar

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

Carl Icahn reduced his stake in Family Dollar (FDO +1.5%) to 6.03% from 9.39%, according to a SEC filing.

The investor may have concluded that Dollar Tree's offer for FDO won't be topped.

The sale leaves Family Dollar CEO Howard Levine as the largest shareholder with his holding of 8.17% of the company.

SEC Form 13D