Family Dollar adopts poison pill to fight off Icahn

Family Dollar (NYSE:FDO) has adopted a poison pill following the revelation that activist investor Carl Icahn has become its largest shareholder.

Icahn reported a 9.39 percent stake in Family Dollar on Friday and said he would push for the retailer to merge with rival Dollar General (NYSE:DG). By adopting the shareholder rights plan, or poison pill, the company hopes to deter a hostile takeover. Story

Suggested Articles

Costco changes up its menu items, and Alibaba and Guess partner for a physical store.

Janey Whiteside, Walmart's new chief customer officer, is well acquainted with the importance of customer service in modern retail.

Whole Foods will offer deals on Amazon's Prime Day, and tariffs against China are causing pricing hikes.