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  • Family Dollar is a variety store chain in the United States. With 8,100 locations, it is the second largest retailer of its type in the United States. Family Dollar is headquartered in Matthews, North Carolina, where it employs 1,400 people. In June 2014, activist investor and major shareholder Carl Icahn demanded that Family Dollar be immediately put up for sale. On July 28, 2014, Dollar Tree announced that it would purchase Family Dollar for $8.5 billion. The sale delivered a windfall to the company's biggest shareholder Carl Icahn, who acquired his 9.4 percent stake in June 2014. Dollar General however joined the bidding on 18 August 2014, offering $78.50 a share compared to Dollar Tree's offer of $74.50 a share. The enterprise value of the Dollar General bid was $9.7 billion compared to that of Dollar Tree of $9.2 billion, while the quantum return to shareholders was varying as the stock and cash deal valuation was subjected to fluctuations of price of the competing bidders stock.

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