In the wake of a the disclosure of a sizable investment by activist investor Carl Icahn, Family Dollar Stores on Monday said it has adopted a shareholder rights plan. The so-called “poison pill” would be triggered when a shareholder accumulates more than 10% of the company’s outstanding stock, forcing investors who would acquire more than 10% pay a significant premium. Icahn on Friday said he and associated funds had acquired 9.4% of Family Dollar’s outstanding stock ...
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