Family Dollar Stores (FDO) announced Monday morning that it has adopted one-year shareholder rights plan. Activist investor Carl Icahn disclosed Friday that his company Icahn Capital LP has acquired stake of about 9.4 percent in Family Dollar.
Family Dollar Stores gapped open sharply higher Monday and climbed in early trade, before settling into a range. Shares finished with a gain of 8.09 at $68.62 on the highest volume of the year. The stock jumped to a 6-month high.
For comments and feedback: editorial@rttnews.com