Wednesday, October 17, 2018

Dollar Tree gets a familiar investor

Chain Store Age
Dollar Tree is reportedly entering into a new deal.

Billionaire investor Carl Icahn is accumulating a “significant stake” in Dollar Tree. Details of the deal were not disclosed, according to The New York Post.

In 2014, Icahn built a stake in Family Dollar, and pressured it to seek a buyer. His firm made a profit of about $200 million on its investment when Family Dollar was acquired by Dollar Tree for $8.5 billion in cash and stock, the report revealed.. . . more