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Stock Market & Financial Investment News

News Breaks
February 19, 2014
12:34 EDTDLTR, FDO, DG, WMTFamily Dollar rallies after analyst talks merits of Wal-Mart buyout
Acquiring Family Dollar (FDO) could be worthwhile for Wal-Mart (WMT), a Credit Suisse analyst indicated in a note to investors earlier today. WHAT'S NEW: Wal-Mart has suggested that it needs to open more small stores in the U.S., and developing a "small store strategy" will be a top priority for the retail giant's new CEO, Doug McMillon, Credit Suisse analyst Michael Exstein wrote in a note to investors earlier today. The "most logical way" for Wal-Mart to meet this goal may be by buying Family Dollar (FDO), Exstein stated. Wal-Mart has lower geographic overlap with Family Dollar than with Dollar General (DG) and Dollar Tree (DLTR), the analyst reported. As a result, the Federal Trade Commission may be more likely to approve a Wal-Mart-Family Dollar combination than an acquisition of either of the other two companies by Wal-Mart, the analyst stated. Wal-Mart could buy Family Dollar for $78-$82 per share and still make the deal immediately accretive, wrote the analyst. He kept an $87 price target and Outperform rating on Wal-Mart. WHAT'S NOTABLE: Family Dollar is not currently holding any talks about selling itself, CNBC's David Faber reported this morning following Exstein’s note. PRICE ACTION: In early afternoon trading, Family Dollar climbed 1.9% to $65.80, while Wal-Mart fell 0.8% to $74.75.
News For FDO;WMT;DG;DLTR From The Last 14 Days
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April 20, 2015
16:16 EDTDLTRDollar Tree initiated with a Buy at Cantor
Target $96.
12:31 EDTWMTWal-Mart workers claim store closings are retaliatory, Fortune says
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April 19, 2015
12:41 EDTDGKroger, Dollar General, others can be bought and held for 3 years, Barron's says
Shares of PACCAR (PCAR), Lam Research (LRCX), Kroger (KR), Autoliv (ALV), Archer Daniels (ADM), and Dollar General (DG) should be bought and held for the next three years due to high return on invested capital, Barron's contends in a feature article. Reference Link
April 17, 2015
15:42 EDTWMTWal-Mart to slash layer of in-store management, Bloomberg reports
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April 16, 2015
06:05 EDTWMTFormer Wal-Mart CEO Duke heads to Carlyle Group, WSJ reports
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April 14, 2015
18:32 EDTWMTCourt rules Wal-Mart can reject shareholder proposal on gun sales, WSJ says
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April 12, 2015
15:43 EDTWMTWal-Mart's Walton family puts shares in newly formed trust, Reuters says
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April 10, 2015
18:29 EDTWMTWal-Mart says Walton family to place 6% of shares in trust, Reuters reports
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April 9, 2015
09:18 EDTDG, FDOBofA/Merrill retail analysts hold an analyst/industry conference call
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April 8, 2015
12:05 EDTWMTWal-Mart: Pay raises for over 34,000 associates in Florida effective this week
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08:09 EDTDLTR, FDOFamily Dollar says sales trends in March 'rebounded nicely'
"We continue to see tangible benefits from the investments we have made to strengthen our value proposition for customers. Our comparable store sales and customer traffic trends are improving, and we are beginning to see stabilization in key categories. While our trends in late-February were adversely impacted by severe winter weather, our sales trends in March rebounded nicely, reflecting both improved traffic trends and the benefit of an earlier Easter,” said Howard R. Levine, Chairman and CEO. “We are excited about the pending merger with Dollar Tree, and our teams are working to ensure a successful integration.”
08:05 EDTFDO, DLTRFamily Dollar says not providing guidance
On January 22, Family Dollar (FDO) stockholders adopted the merger agreement with Dollar Tree (DLTR). The completion of the merger remains subject to Federal Trade Commission clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other closing conditions. Dollar Tree, with support from Family Dollar, is continuing to work with the FTC to obtain clearance under the HSR Act, including in connection with arranging for divestitures. Dollar Tree has informed Family Dollar that Dollar Tree intends to close the merger by the end of May 2015. In light of the pending transaction, the company has not provided earnings guidance for fiscal 2015 and will not hold a conference call to discuss its second quarter results.
08:05 EDTFDOFamily Dollar reports March SSS up 3.7%
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08:04 EDTFDOFamily Dollar reports Q2 adjusted EPS 74c, consensus 73c
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06:19 EDTWMTWal-Mart de Mexico reports March sales up 9.4% from last year
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05:49 EDTDGDollar General price target raised to $85 from $80 at Deutsche Bank
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05:16 EDTWMTWalmart announces pay raises for over 72K associates in TX go into effect
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April 7, 2015
16:38 EDTDLTR, FDODollar Tree discloses update on FTC review process of Family Dollar acquisition
Dollar Tree (DLTR) disclosed in a regulatory filing, the following update on the Federal Trade Commission’s review process of the company’s pending acquisition of Family Dollar Stores (FDO). As of April 1, the FTC’s staff has substantially completed its review and identified approximately 340 stores for divestiture, representing approximately $47.4M of operating income. The company expects that all or almost all of the stores that will be divested will be Family Dollar stores. The company continues to make progress with divestiture buyers and has received multiple indications of interest from buyers, each of whom intend to operate these divested locations as dollar stores to address the FTC's concerns. The company is working to finalize divestiture agreements with the selected bidders in April 2015 and in parallel to secure FTC approval. The company intends to close the proposed merger in May, but this timing is subject to certain factors beyond the company’s control, including FTC approval.
15:30 EDTFDONotable companies reporting before tomorrow's open
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