Family Dollar Stores Inc is a US chain store different in the United States. With more than 8,000 locations in all states except Alaska, Hawaii, Oregon and Washington, it is the Family Dollar Ad of its kind 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, the activist investor and major shareholder Carl Icahn urged Family Dollar followed immediately for sale.
On July 28, 2014, Dollar Tree Family Dollar announced it will buy for $ 8.5 billion. The sale was a windfall for the largest shareholder Carl Icahn company, which 9.4 percent of its shares acquired in June 2014 On January 22, 2015, shareholders approved the Dollar Tree Family Dollar bid. Family Dollar was founded in 1959 by Leon Levine, a 21-year-old entrepreneur. In November of that year, the company's first store opened in Charlotte, North Carolina. In 1961, it opened its first store in South Carolina, followed by stores in Georgia and Virginia, which in 1962 and 1965, opened respectively. During the 1960s, the company was primarily a store operation Southern United States. By 1969, there were only fifty stores in Charlotte.
1970 were growth years for the retail chain. In 1970, Family Dollar's stock went public for the first time at 14:50 $ per share. In 1971, opened 100 stores in the chain, followed by their 200 in 1974 and 300 of them in 1978. Also in 1974, a distribution center was opened in Matthews, North Carolina. In 1979, Family Dollar shares on the New York Stock Exchange has begun.
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