Carl Icahn Sells Nearly 4M Family Dollar Stores, Inc. (FDO) Shares
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In an amended 13D filing on Family Dollar Stores, Inc. (NYSE: FDO), hedge fund Carl Icahn disclosed a 6.03%, or 6,869,032 share, stake in the company. This is down 35.75% from the 10,691,011 shares held recently.
The share sales follow Family Dollar Stores' agreement to be acquired by Dollar Tree, Inc. (NASDAQ: DLTR) yesterday (7/28).
Icahn is said to have made $174 million in paper profits on the deal news. Now some of those paper gains are realized gains. He has held the position for less than two months.
For more notable holders of Family Dollar Stores, Inc. stock click here. For more information on Carl Icahn click here.
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