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Carl Icahn Bought A 9% Stake In Family Dollar

Guru investor Carl Icahn has announced he purchased a 9.39% stake in Family Dollar. Shares for the company have soared 10% in after hour trading, since he announced his stake in the company. This is usually the case  for any company after Icahn announces his stake in it. Icahn said he bought his shares in Family Dollar, because he believes the company is undervalued.