It didn't take long for the heat to be turned up on Family Dollar, a discount retail competitor of Memphis-based Fred's Inc. Less than two weeks after disclosing that he'd taken a 9.4 percent stake in Family Dollar Stores Inc. (NYSE:FDO), activist investor Carl Icahn is demanding three seats on the company's board of directors and immediate efforts to explore a sale of the discount retail chain. In a letter to Family Dollar CEO Howard Levine on Thursday, Icahn threatened to rally shareholders…
Reported by bizjournals 6 hours ago.
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