Share on StockTwits

Family Dollar Stores adopted a one-year poison pill with a trigger of 10 percent, two days after activist investor Carl Icahn reported a stake in the company and said he would consider pushing for a merger with Dollar General. Icahn reported a 9.39 percent stake in the company on Friday, making him its largest shareholder. The rights plan is not designed to prevent an offer to acquire the company but to allow its board “adequate time to consider any and all alternatives,” Family Dollar said on Monday.

“Family Dollar Adopts Poison Pill After Icahn Stake” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.