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