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Stock Market & Financial Investment News

News Breaks
June 9, 2014
10:18 EDTDLTR, DG, FDODollar stores rally after Icahn takes Family Dollar stake
Shares of Family Dollar (FDO) are climbing after well-known activist investor Carl Icahn disclosed that he had obtained a significant stake in the company and Fox Business reported that Icahn could push for a merger between Family Dollar and peer Dollar General (DG). WHAT'S NEW: Carl Icahn disclosed in an SEC filing late Friday that he had obtained a 9.39% stake in discount retailer Family Dollar. Icahn stated that he believes the company's stock is undervalued and added that he sees great long-term potential in the sector. Meanwhile, Icahn told Fox Business that he would consider trying to get Family Dollar to merge with another company in the sector, Dollar General. For its part, Family Dollar said that it was open to holding dialogues with all of its shareholders, but then adopted a one-year shareholder rights plan meant to prevent anyone from gaining control of the company without paying a premium. ANALYST REACTION: In a note to investors earlier today, Jefferies analyst Daniel Binder upgraded Family Dollar and Dollar General to Buy from Hold. The analyst upgraded the stocks based on his belief that the companies could merge. A merger could allow the companies to generate large cost savings, according to Binder. He set a $79 price target on Family Dollar and a $75 price target on Dollar General. Significantly less optimistic about the potential for a merger was FBR Capital analyst Dutch Fox. Dollar General doesn't want to merge with Family Dollar and such a deal won't happen anytime soon, the analyst contended. However, both companies could launch share repurchase plans, he believes. Fox kept a Market Perform rating on Family Dollar and an Outperform rating on Dollar General. He recommended that investors respond to the news by being long Dollar General in the short-term. PRICE ACTION: In early trading, Family Dollar jumped 15% to $69.50, Dollar General surged 11% to $64.25, and Dollar Tree (DLTR), another retailer in the space, rose 2% to $56.35.
News For FDO;DG;DLTR From The Last 14 Days
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November 25, 2014
05:58 EDTDGStocks with implied volatility above IV index mean; DG LULU
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November 24, 2014
06:07 EDTDGStocks with implied volatility above IV index mean; DG UNG
Stocks with implied volatility above IV index mean; Dollar General (DG) 43, United States Natural Gas Fund (UNG) 62 according to iVolatility.
November 21, 2014
07:43 EDTFDO, DLTRDollar Tree price target raised to $74 from $68 at UBS
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07:04 EDTDLTRDollar Tree price target raised to $72 from $64 at Stifel
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05:57 EDTDGStocks with implied volatility above IV index mean; DG GME
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November 20, 2014
10:33 EDTDGHigh option volume stocks
High option volume stocks: KBR LM PRGO CHRW DG ZMH LGF ZTS OSIR REGI
09:30 EDTDLTR, FDODollar Tree says working to close Family Dollar deal 'as soon as possible'
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09:21 EDTDLTROn The Fly: Pre-market Movers
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07:35 EDTDLTRDollar Tree sees Q4 EPS $1.07-$1.14, consensus $1.13
Sees Q4 revenue $2.39B-$2.46B, consensus $2.45B. Sees Q4 SSS up in the low single digits.
07:35 EDTDLTRDollar Tree sees FY14 EPS including acquisition related costs $2.97-$3.04
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07:33 EDTDLTRDollar Tree reports Q3 EPS 69c ex-items, consensus 64c
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November 19, 2014
15:31 EDTDLTRNotable companies reporting before tomorrow's open
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15:15 EDTFDO, DGDollar General affirms commitment to Family Dollar deal, says FTC review ongoing
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15:14 EDTFDO, DGDollar General says actively engaged in ongoing FTC review process for deal
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15:13 EDTDG, FDODollar General affirms commitment to Family Dollar acquisition
08:31 EDTDLTR, FDOFamily Dollar reschedules special meeting of shareholders to December 23
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06:39 EDTFDO, DGDollar General may have to sell over 4K stores for deal approval, NY Post says
The Federal Trade Commission may require Dollar General (DG) to sell more than 4,000 of its stores to gain approval of its deal to buy Family Dollar (FDO), according to The New York Post. Dollar General had previously said that it was willing to sell 1,500 of its stores to facilitate the deal, the newspaper stated. Reference Link
November 17, 2014
09:00 EDTDGDollar General says now accepting American Express cards
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November 14, 2014
17:27 EDTFDOPaulson & Co. gives quarterly update on stakes
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November 12, 2014
07:04 EDTFDO, DLTR, DGFamily Dollar reaffirms recommendation to merge with Dollar Tree
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