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Stock Market & Financial Investment News

News Breaks
February 19, 2014
12:34 EDTFDO, WMT, DG, DLTRFamily 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 Exsteinís 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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August 21, 2014
08:02 EDTDLTR, DG, FDOFamily Dollar reaffirms recommendation in support of merger with Dollar Tree
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08:01 EDTFDO, DG, DLTRFamily Dollar board rejects Dollar General proposal based on antitrust issues
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08:00 EDTDG, FDOFamily Dollar board rejects Dollar General proposal based on antitrust issues
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07:55 EDTDG, DLTR, FDOFamily Dollar to reject Dollar General takeover bid, CNBC reports
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07:34 EDTDLTRDollar Tree sees FY14 EPS $2.94-$3.06, consensus $3.13
Sees FY14 sales $8.44B-$8.55B, consensus $8.51B. This estimate is based on a range of low- to low-mid-single digit positive comparable store sales. Diluted EPS, which includes 2c per share of Q2 acquisition-related costs, are expected to range from $2.94 to $3.06, excluding Q3 and Q4 acquisition-related costs.
07:32 EDTDLTRDollar Tree sees Q3 EPS 61c-66c ex-items, consensus 66c
Sees Q3 revenue $2.02B-$2.07B, consensus $2.05B. Sees low- to mid-single digit positive comparable store sales.
07:31 EDTDLTRDollar Tree says outlook for 2H unchanged from original guidance
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07:31 EDTDLTRDollar Tree reports Q2 EPS 61c ex-acquisition-related costs, consensus 64c
Reports Q2 revenue $2.03B, consensus $2.01B. Reports Q2 SSS up 4.5%.
05:35 EDTDLTR, DG, FDODollar General sends letter to Family Dollar board
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August 20, 2014
15:26 EDTDLTRNotable companies reporting before tomorrow's open
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08:30 EDTWMTWal-Mart management to meet with MKM Partners
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August 19, 2014
14:13 EDTDGDollar General upgraded to Outperform from Peer Perform at Wolfe Research
12:18 EDTDG, FDODollar General could have bought Family Dollar last year, CNBC reports
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12:16 EDTDG, DLTR, FDOFamily Dollar board frustrated with Dollar General tactics, CNBC reports
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11:41 EDTDG, FDO, DLTRIcahn says Family Dollar throwing away $300M in fees, Reuters says
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10:13 EDTFDOOn The Fly: Analyst Upgrade Summary
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09:46 EDTDG, DLTR, FDOFamily Dollar board likely to meet this week, CNBC's Faber reports
Family Dollar's (FDO) board is likely to meet this week to discuss the takeover bid by Dollar General (DG), CNBC's David Faber reports, citing people close to the matter. The board has long focused on antitrust implications and is likely to reject the Dollar General proposal, Faber added. Dollar Tree (DLTR) and Family Dollar previously announced a merger agreement.
09:43 EDTFDO, DLTR, DGFamily Dollar board likely to reject Dollar General bid, CNBC's Faber reports
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07:29 EDTDG, DLTR, FDODollar Tree may raise bid for Family Dollar, says RBC Capital
RBC Capital thinks that Dollar Tree (DLTR) could increase its bid for Family Dollar (FDO) given the revenue and gross margin synergies that the firm thinks the deal would generate. However, the firm believes that Dollar General (DG) would ultimately win a bidding war for Family Dollar, leading to wins for the shareholders of Dollar General and Family Dollar.
06:52 EDTFDOFamily Dollar upgraded to Equal Weight from Underweight at Barclays
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