Activist investor Icahn takes stake in Dollar Tree: NY Post

Activist investor Icahn takes stake in Dollar Tree: NY Post

Billionaire activist investor Carl Icahn is accumulating a significant stake in discount chain Dollar Tree Inc, 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 previous foray into the discount retailing industry resulted in the sale of Family Dollar to Dollar Tree 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.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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Updated: Tue, Oct 16, 2018
11:00 PM IST
Reuters
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