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Activist investor Icahn takes stake in Dollar Tree - NY Post

Activist investor Icahn takes stake in Dollar Tree - NY Post
FILE PHOTO -- Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo   -   Copyright  Brendan McDermid(Reuters)
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(Reuters) – Billionaire activist investor Carl Icahn is accumulating a significant stake in discount chain Dollar Tree Inc <DLTR.O>, the New York Post reported on Tuesday.

Icahn’s plans for the stake were not immediately clear, the report added.

Icahn’s previously foray into the discount retailing industry resulted in the sale of Family Dollar to Dollar General Corp <DG.N> in 2014. He was then Family Dollar’s largest shareholder.

Neither Icahn nor Dollar Tree responded to Reuters’ requests for comment.

Dollar Tree shares rose 5.4 percent to $85.30 on Tuesday morning following the news.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sai Sachin Ravikumar)

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