Icahn reduces stake in Family Dollar

Carl Icahn, the investor who was threatening a proxy fight against Family Dollar Stores if it did not make itself available for sale, said Wednesday he has reduced his stake in the company to 6.03%, down from 9.39%.

Family Dollar, Matthews, N.C., announced Monday it had reached a definitive agreement to sell the company to Dollar Tree, Chesapeake, Va., in a deal valued at $74.50 per share, or approximately $9.2 bil

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