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Stock Market & Financial Investment News

News Breaks
June 6, 2014
17:03 EDTFDOIcahn reports 9.39% stake in Family Dollar
Icahn acquired the position in the shares in the belief that they were undervalued. Icahn sees great long-term potential in the companyís industry and believes its current situation is analogous to that recently faced by companies such as CVR Energy, Forest Laboratories, Chesapeake Energy and Biogen, as well as a number of other companies over the last two decades, where Icahnís involvement helped to generate tremendous returns for all shareholders. Icahn intends to seek conversations with members of the company's senior management and board of directors to discuss their business and strategies to enhance shareholder value, which may include the pursuit of operating initiatives or the exploration of strategic alternatives. Icahn may also determine to seek shareholder board representation if appropriate.
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