Icahn exits stake in Family Dollar
Carl Icahn has sold his entire stake in Family Dollar, according to a newswire report.
Reuters, citing sources familiar with the matter, noted that the billionaire investor pocketed an estimated USD 200m in profit from the transaction.
Icahn disclosed a 9.4% stake in the company in June and urged Family Dollar to move forward with a sale.
Family Dollar is currently being courted by Dollar General, which raised its offer for the retailer yesterday to USD 80 per share.