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About Family Dollar Stores
Family Dollar is an American 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, a suburb of Charlotte, 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. On January 22, 2015, Family Dollar shareholders approved the Dollar Tree bid.