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Stock Market & Financial Investment News

News Breaks
June 12, 2014
08:03 EDTDG, FDODollar General unlikely to pay over $80 for Family Dollar, says RBC Capital
If Dollar General (DG) is interested in buying Family Dollar (FDO), the amount of synergies likely to be realized from the deal should lead Dollar General to pursue a deal at $75 or less, or maybe $80, according to RBC Capital. The firm says that any price above $80 per share would be difficult to justify. It raised its price target on Dollar General to $66 from $63 and on Family Dollar to $62 from $55. The firm keeps Sector Perform ratings on both stocks.
News For FDO;DG From The Last 14 Days
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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 EDTFDODollar Tree says working to close Family Dollar deal 'as soon as possible'
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November 19, 2014
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 EDTFDO, DGDollar General affirms commitment to Family Dollar acquisition
08:31 EDTFDOFamily Dollar reschedules special meeting of shareholders to December 23
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06:39 EDTDG, FDODollar 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 EDTDG, FDOFamily Dollar reaffirms recommendation to merge with Dollar Tree
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November 7, 2014
17:10 EDTFDODollar Tree certifies substantial compliance with FTC second request under HSR
Dollar Tree (DLTR) announced that it has certified substantial compliance with the Request for Additional Information and Documentary Materials issued by the FTC on September 8, regarding its proposed acquisition of Family Dollar Stores (FDO). Family Dollar previously certified substantial compliance with the FTC on October 21. In order to facilitate the FTC’s review, Dollar Tree and Family Dollar have agreed not to close the Proposed Merger prior to December 30, unless the FTC completes its review of the Proposed Merger and terminates the waiting period at an earlier date. The FTC staff has indicated that it is examining whether prices would increase if the parties no longer had to compete with each other, and an important factor in this examination is how prices would change under either of the merging parties’ current pricing policies. The FTC staff has also focused on the similarity and differences between the parties’ stores and other competing retail chains. The concerns and competitive theories articulated by the FTC staff would require divestitures in connection with the Proposed Merger. As Dollar Tree remains confident that it will obtain antitrust approval to consummate the Proposed Merger reasonably promptly. Dollar Tree is committed to cooperating with the FTC’s investigation of the Proposed Merger, and providing all of the necessary information for the FTC to advance its review as promptly as practicable. The special meeting of Family Dollar shareholders to vote on the Proposed Merger is currently scheduled for December 11.
November 6, 2014
08:04 EDTFDO, DGBofA/Merrill retail analysts hold an analyst/industry conference call
Retail Analysts Hutchinson, Ohmes and Chai hold an October Retail Update Analyst/Industry conference call on November 6 at 1 pm.

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