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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!