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)

By Reuters

Published on 16/10/2018 - 19:04•Updated 25/04/2024 - 17:52

Comments

(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 https://nypost.com/2018/10/16/carl-icahn-has-taken-a-stake-in-dollar-tree 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)

Comments