Exclusive: Icahn sells entire stake in Family Dollar - sources

Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc (FDO.N), making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday. Dollar Tree Inc (DLTR.O) agreed in July to buy Family Dollar for $8.5 billion. Since then, however, the deep-discount retailer has drawn competing interest from Dollar General Corp (DG.N), which has bid $9.1 billion for its smaller rival. Icahn became Family Dollar's largest shareholder in June, when he disclosed a 9.4 percent stake in the struggling retailer and pushed the company to sell itself.

via Business News http://ift.tt/1w71YgG