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Stock Market & Financial Investment News

News Breaks
July 29, 2014
17:36 EDTDG, DLTR, FDOIcahn reduces stake in Family Dollar, citing 'better' return potential elsewhere
Carl Icahn, who reported reducing his stake in Family Dollar (FDO) to 6.03% from 9.39%, said in a regulatory filing that he sold shares in the company after "concluding that better returns can be achieved by deploying capital elsewhere rather than waiting either for the Dollar Tree (DLTR) transaction to close or for the possibility of a higher offer to emerge." Icahn intends to continue studying the situation and may determine to dispose of or acquire additional shares in the future, depending on their views as to the probability of a higher bid, market conditions and other factors. Note that Bloomberg reported yesterday that Dollar General (DG) rejected the chance to bid on Family Dollar.
News For FDO;DLTR;DG From The Last 14 Days
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March 20, 2015
15:28 EDTDGDollar General management to meet with Sterne Agee
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March 17, 2015
16:58 EDTDGGIC Private Limited reports 5.02% passive stake in Dollar General
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