Family 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.
Trian Fund gives quarterly update on stakes NEW STAKES: None. INCREASED STAKES: PepsiCo (PEP), Mondelez (MDLZ), Bank of New York Mellon Group (BK), and Du Pont (DD). DECREASED STAKES: Family Dollar (FDO), and Ingersoll-Rand (IR). LIQUIDATED STAKES: Lazard (LAZ).