Carl Icahn Grabs Top Stake In Family Dollar Stores, Inc.

Carl Icahn is now the largest shareholder in Family Dollar Stores, Inc. (NYSE:FDO). The aggressive activist investor disclosed a massive stake in the consumer goods retailer on Friday. Family Dollar's stock is soaring today on the news, up over 14% already.

Icahn is now the largest stakeholder, company responds with poison pill

Icahn revealed a stake of 10.7 million shares, amounting to a 9.4% ownership, via an SEC 13D filing. As is the custom with Icahn, he plans to campaign for board seats, saying that shares of the company are undervalued. Icahn said that the...