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Stock Market & Financial Investment News

News Breaks
March 13, 2014
10:31 EDTDGDollar General says sees headwind from Affordable Care Act
Says Q4 was a "challenging" time for the industry. Sales trends starting out so far in Q1 have been impacted by the continued weather volatility. Says tobacco sales are continuing to have a positive impact on sales and store traffic. Says remains optimistic that changes which were implemented in FY13 will impact FY14. Says confident in store growth for many years to come. Says confident it can meet operating goals. The company says it remains cautious regarding the economic outlook for core customers. Dollar General says it has purchased an additional 3.5M shares or $200M so far in 2014. Says to remain consistent, opportunistic in share repurchases. Expects online sales for FY14 to increase. Sees health costs increasing. Says several factors weighing on Q1 results, including weather. says gross margin will continue to be impacted by tobacco introduction. Believes customer spending will be constrained in FY14. Sees headwind of approximately $10M-$15M, or 2c-3c from Affordable Care Act. Comments made during the company's Q4 earnings conference call.
News For DG From The Last 14 Days
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October 31, 2014
08:01 EDTDGDollar General extends tender offer to acquire Family Dollar to December 31
Dollar General Corporation (DG) announced that it has extended its tender offer to acquire all outstanding shares of Family Dollar Stores (FDO) for $80.00 per share in cash to 5:00 p.m., New York City time, on December 31, 2014, unless further extended. In addition, Dollar General intends to file today the definitive proxy materials with the U.S. SEC for the Special Meeting of Shareholders of Family Dollar scheduled to be held on December 11, 2014, to vote on the merger with Dollar Tree (DLTR), and to commence mailing of such definitive proxy materials to Family Dollar shareholders of record as of October 30, 2014 on or about November 3, 2014. Dollar General urges Family Dollar shareholders to vote the GOLD proxy card in order to vote AGAINST the merger agreement with Dollar Tree and the additional related proposals described in the definitive proxy materials and to tender their shares into Dollar Generalís tender offer. The tender offer was previously set to expire at 5:00 p.m., New York City time, on October 31, 2014. All other terms and conditions of the tender offer remain unchanged. Dollar General remains committed to the proposed acquisition of Family Dollar and will continue to cooperate with the Federal Trade Commission to obtain antitrust regulatory clearance for the transaction.
October 21, 2014
17:27 EDTDGFamily Dollar certifies substantial compliance with FTC
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October 17, 2014
16:09 EDTDGElliott Advisors expresses concerns over Family Dollar merger, nominates slate
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10:00 EDTDGOn The Fly: Analyst Initiation Summary
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08:11 EDTDGDollar General initiated with a Buy at Stifel
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