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Stock Market & Financial Investment News

News Breaks
August 21, 2014
05:35 EDTDG, DLTR, FDODollar General sends letter to Family Dollar board
Dollar General (DG) announced it has sent the following letter to the board of Family Dollar Stores (FDO): "We have reviewed the Form S-4 on the background of your current merger agreement with Dollar Tree (DLTR). As the Family Dollar board considers our superior proposal, we believe it is important for you to take into account certain important facts that are not included in the Form S-4 relating to our interaction with your company. While the Form S-4 references various meetings between our companiesí representatives over the years, it fails to mention that Dollar General representatives have consistently expressed a keen interest in putting our two companies together. The Form S-4 also fails to mention that on more than one occasion at such meetings, Howard Levine expressed his own interest in the social issues of a combination, including, among other things, his desire to be CEO of the combined companies. We cannot help but question whether Dollar Generalís failure to embrace such requests by Levine weighed into Family Dollarís decision to pursue an agreement with Dollar Tree." The letter continues, "During the June 19 meeting, although noting that the timing was not optimal for Dollar General, our representatives expressed more than once our interest in exploring a combination with Family Dollar." Further, "It is surprising, then, that, according to the Form S-4, your board was considering at that time a proposal in that range from Dollar Tree, and yet no representative of Family Dollar followed up with any representative of Dollar General after that meeting and before entering into the merger agreement with Dollar Tree. This lack of engagement is puzzling. Regrettably, as a result, we are now forced to factor a $305M break-up fee into our offer Ė consideration that could have been better used to maximize value for the Family Dollar shareholders. Nonetheless, we have presented you with a superior proposal for your shareholders, although perhaps not for Levine personally, and we urge you to evaluate our proposal on its merits considering this full set of facts and in keeping with your obligation to consider first and foremost the best interests of your shareholders."
News For DG;FDO;DLTR From The Last 14 Days
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December 19, 2014
09:44 EDTFDO, DG, DLTRFamily Dollar to delay shareholder vote on Dollar Tree deal, CNBC says
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09:09 EDTDGDollar General identified as best idea at Sterne Agee
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09:06 EDTFDO, DGDollar General says actively engaged with FTC on proposed Family Dollar deal
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December 16, 2014
09:59 EDTDLTROn The Fly: Analyst Downgrade Summary
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09:18 EDTFDO, DLTR, DGDollar General likely to win Family Dollar takeover war, says Sterne Agee
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07:09 EDTDLTR, FDO, DGDollar General price target raised to $86 from $73 at Deutsche Bank
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06:46 EDTDLTRDollar Tree downgraded to Hold from Buy at Deutsche Bank
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05:56 EDTDGStocks with implied volatility above IV index mean; CX DG
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December 15, 2014
06:10 EDTDLTR, DG, FDOFamily Dollar 'likely' to postpone investor vote on Dollar Tree deal, NYP says
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05:58 EDTDGStocks with implied volatility above IV index mean; ACHN DG
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December 11, 2014
16:59 EDTFDOElliott Associates reports 6.8% stake in Family Dollar
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10:21 EDTDLTRHigh option volume stocks
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05:52 EDTDGStocks with implied volatility above IV index mean; DG EBAY
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December 10, 2014
10:00 EDTDLTR, DGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 3D Systems (DDD) initiated with an Underperform at Longbow... AutoZone (AZO) initiated with a Buy at Nomura... C.H. Robinson (CHRW) initiated with a Neutral at Nomura... CSX (CSX) initiated with a Buy at Nomura... CVS Health (CVS) initiated with a Neutral at Citigroup... Canadian National (CNI) initiated with a Neutral at Nomura... Carrizo Oil & Gas (CRZO) initiated with a Buy at Canaccord... CenterPoint Energy (CNP) initiated with a Neutral at Nomura... Con-way (CNW) initiated with a Neutral at Nomura... Cornerstone OnDemand (CSOD) initiated with a Buy at BofA/Merrill... Depomed (DEPO) initiated with an Outperform at RBC Capital... Dollar General (DG) initiated with a Buy at Citigroup... Dollar Tree (DLTR) initiated with a Neutral at Citigroup... Dynagas LNG (DLNG) initiated with a Buy at ABN Amro... EMC (EMC) initiated with a Neutral at JPMorgan... Energy Focus (EFOI) initiated with a Buy at Roth Capital... Expeditors (EXPD) initiated with a Neutral at Nomura... GasLog (GLOG) initiated with a Buy at ABN Amro... Genesee & Wyoming (GWR) initiated with a Neutral at Nomura... Golar LNG (GLNG) initiated with a Sell at ABN Amro... HII Technologies (HIIT) initiated with a Buy at Roth Capital... Hudbay Minerals (HBM) initiated with an Overweight at Barclays... J.B. Hunt (JBHT) initiated with a Buy at Nomura... Kansas City Southern (KSU) initiated with a Buy at Nomura... Kroger (KR) initiated with a Buy at Citigroup... Lear (LEA) initiated with a Buy at Northcoast... Lundin Mining (LUNMF) initiated with an Overweight at Barclays... NetApp (NTAP) initiated with a Neutral at JPMorgan... Norfolk Southern (NSC) initiated with a Neutral at Nomura... PROS (PRO) initiated with an Outperform at Pacific Crest... Qlik Technologies (QLIK)initiated with a Buy at BofA/Merrill... Rentokil (RTOKY) initiated with a Neutral at UBS... Revolution Lighting (RVLT) initiated with a Buy at Roth Capital... ServiceNow (NOW) initiated with a Buy at BofA/Merrill... Stratasys (SSYS) initiated with a Neutral at Longbow... Suburban Propane (SPH) initiated with a Hold at Stifel... Tableau (DATA) initiated with a Buy at BofA/Merrill... Teekay LNG (TGP) initiated with a Buy at ABN Amro... Tessera (TSRA) initiated with a Buy at Sidoti... Union Pacific (UNP) initiated with a Buy at Nomura... Viper Energy (VNOM) initiated with a Buy at Stifel... Visteon (VC) initiated with a Buy at Northcoast... Walgreen (WAG) initiated with a Buy at Citigroup... Werner (WERN) initiated with a Neutral at Nomura.
06:16 EDTDLTRDollar Tree initiated with a Neutral at Citigroup
Target $75.
06:16 EDTFDO, DGDollar General initiated with a Buy at Citigroup
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06:00 EDTDGStocks with implied volatility above IV index mean; DG OPK
Stocks with implied volatility above IV index mean; OPKO Health (OPK) 36, Dollar General (DG) 37 according to iVolatility.
December 9, 2014
06:07 EDTDGStocks with implied volatility above IV index mean; DG OPK
Stocks with implied volatility above IV index mean; OPKO Health (OPK) 41, Dollar General (DG) 37 according to iVolatility.

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