Family Dollar Stores, Inc. (FDO) Blamed Me For Dollar General Corp. (DG) Being Not Interested: Carl Icahn

After Dollar General Corp. (NYSE:DG) made a bid for Family Dollar Stores, Inc. (NYSE:FDO) earlier this week, Family Dollar Stores, Inc. (NYSE:FDO)’s Board is at a crossroad. Few weeks back Dollar Tree, Inc. (NASDAQ:DLTR) had announced its decision of acquiring Family Dollar Stores, Inc. (NYSE:FDO), and everyone, including billionaire investor Carl Icahn was surprised that Dollar Tree, Inc. (NASDAQ:DLTR) made the bid instead of Dollar General Corp. (NYSE:DG). Now, Family Dollar Stores, Inc. (NYSE:FDO)  blames Icahn for Dollar General Corp. (NYSE:DG) not being interested in it earlier. Icahn clarified these allegations on CNBC in an interview on Tuesday.

“[...] I am certainly happy for the IEP shareholders that benefit from this, the only thing that irks me about it is, again and I keep repeating this at the risk of being corny, I really do care about corporate governance. So, I think this is an example of why the system is so dysfunctional [...],” Icahn said.

Hedge Fund Strategies

Icahn revealed that recently he had a ‘friendly’ dinner at his apartment along with Family Dollar Stores, Inc. (NYSE:FDO)’s CEO, Howard Levine, some of the company’s board members and Icahn’s own staff. The billionaire investor mentioned that though he didn’t bring up the topic, people from Family Dollar Stores, Inc. (NYSE:FDO) started discussing about the takeover and blamed him for Dollar General Corp. (NYSE:DG) being disinterested earlier in acquiring Family Dollar Stores, Inc. (NYSE:FDO). Icahn said that he found this ‘completely disingenuous’.

“[...] His [Howard Levine] ego was involved, I am an old poker player and this is the way I saw it. He mentioned it several times that the CEO who ran it for all these years is to be blamed and I said to him, “Well, what happened in the 10 years that you were running it?” [...]” Icahn added.

Disclosure: None

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!