Billionaire activist investor Carl Icahn is accumulating a significant stake in discount chain Dollar Tree Inc, the New York Post reported on Tuesday.
Icahn`s plans for the stake were not immediately clear, the report https://nypost.com/2018/10/16/carl-icahn-has-taken-a-stake-in-dollar-tree added.
Icahn`s previous foray into the discount retailing industry resulted in the sale of Family Dollar to Dollar Tree in 2014. He was then Family Dollar`s largest shareholder.
Neither Icahn nor Dollar Tree responded to Reuters` requests for comment.
Dollar Tree shares rose 5.4 percent to $85.30 on Tuesday morning following the news.
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