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‘Activist’ investing pays off for Icahn

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Carl Icahn, the billionaire investor, sounded pretty pleased Monday afternoon, following that morning’s announcement that Dollar Tree will buy Family Dollar Stores for $8.5 billion in cash and stock. “This is a big win for all shareholders of Family Dollar and yet another validation of the activist investment philosophy in general,” he said on Shareholders’ Square Table, a blog on which he posts occasionally about his actions as an “activist shareholder.” That’s the euphemism these ...

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