Icahn Demands Family Dollar be Put Up for Sale Immediately

Activist investor Carl Icahn said Thursday that he wants to see Family Dollar sold at once, and he told the retailer that he's prepared to seek shareholder support to fire the entire board of directors if he doesn't get his way. Icahn said in a letter to Family Dollar CEO Howard Levine that he wants three seats on the board of directors, which would comprise a new committee tasked with exploring a sale of the company. The letter said Icahn discussed Family Dollar over dinner with Levine on Wednesday night. The two didn't come to any agreement.