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Stock Market & Financial Investment News

News Breaks
March 4, 2014
07:06 EDTFDO, DGFamily Dollar's earnings supports a Dollar General takeout, says Credit Suisse
Credit Suisse said Family Dollar's (FDO) underperformance vs. Dollar General (DG) and significant earnings potential provides the rationale for a potential takeover of Dollar General. The analyst sees an "addressable" earnings opportunity of $2 per share for Family Dollar from better execution and a deal with Dollar General provides cost synergies of $550M-$650M and additional EBITDA of $300M-$350M. The firm rates Family Dollar an Outperform with a $75 price target.
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July 28, 2014
09:17 EDTFDO, DGOn The Fly: Pre-market Movers
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09:17 EDTDGDollar General initiated with a Hold at Argus
09:10 EDTFDO, DGDollar Tree to benefit from Family Dollar deal, says Sterne Agee
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09:05 EDTFDO, DGDollar General 'fully aware" of Family Dollar buyout, CNBC reports
Dollar General (DG) was "fully aware" of Family Dollar buyout process by Dollar Tree (DLTR), CNBC's David Faber reports. Shares of Dollar General are down 4% to $53.40 following news of the Dollar Tree, Family Tree merger.
09:00 EDTFDOTrian to vote 7.34% stake in favor of Family Dollar buyout
Nelson Peltz's Trian Fund disclosed a voting agreement whereby it will vote its 7.34% Family Dollar stake in favor of Dollar Tree's (DLTR) buyout at $74.50 per share in cash and stock. A Trian spokeswoman told Reuters the fund "strongly" believes the merger represents the "best path forward" for Family Dollar.
08:59 EDTFDODollar Tree says store closures not a part of syngergy expectations at this time
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08:52 EDTFDODollar Tree says sees compelling growth opportunities in discount retail space
Says deal will be 80% cash, 20% shares. Says acquisition synergies "significant and achievable." Says acquisition is "transformational." Family Dollar (FDO) says combination with Dollar Tree (DLTR) in the best interests of shareholders. Dollar Tree says will open new stores for both chains. Expects to generate significant free cash flow, pay down debt. Sees compelling growth opportunities in discount retail space. Comments made on Dollar Tree's conference call discussing its merger agreement to acquire Family Dollar.
08:25 EDTFDOFamily Dollar Stores volatility expected to move on Dollar Tree acquiring
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08:07 EDTFDODollar Tree volatility expected to move on acquiring Family Dollar for $8.5B
Dollar Tree (DLTR) volatility is expected to move on acquiring Family Dollar Stores (FDO) for $74.50 per share. Overall option implied volatility of 21 is near its 26-week average of 22 according to Track Data, suggesting non-directional price movement.
07:12 EDTFDODollar Tree says CEO Bob Sasser to serve as CEO of combined company
Dollar Tree (DLTR) says Family Dollar (FDO) deal expected to be low to mid single digit percentage accretive to cash EPS in first financial year after close. Sees approximately $300M of annual run rate synergies to be achieved by third year post-closing. Says one time costs to achieve synergies of approximately $300M. Says Dollar Tree CEO Bob Sasser will serve as CEO of combined company. Says Family Dollar CEO Howard Levine to report to Sasser. Comments from slides that will be presented on Dollar Tree's conference call discussing its merger agreement to acquire Family Dollar.
06:43 EDTFDODollar Tree to host conference call
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06:12 EDTFDODollar Tree to acquire Family Dollar for $74.50 per share in cash, stock
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06:07 EDTFDODollar Tree to acquire Family Dollar for $74.50 per share in cash, stock
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July 21, 2014
16:00 EDTDGOptions Update; July 21, 2014
iPath S&P 500 VIX Short-Term Futures up 65c to 28.53. Option volume leaders: AAPL FB NFLX DG CMCSA GILD PBR TWTR TSLA according to Track Data.
13:23 EDTDGHigh option volume stocks: RFMD LCI MR PII DG CTRL
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July 16, 2014
17:15 EDTFDOIcahn not happy with Family Dollar management
17:14 EDTDG, FDOIcahn: Dollar General CEO leaving may impact possible deal with Family Dollar
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17:08 EDTFDO, DGIcahn disappointed Dollar General CEO leaving
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15:54 EDTDG, FDOPeltz says 'not satisfied' with performance at Family Dollar
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10:35 EDTFDOOptions with decreasing implied volatility
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