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Stock Market & Financial Investment News

News Breaks
February 19, 2014
12:34 EDTWMT, DLTR, FDO, DGFamily 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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January 23, 2015
07:46 EDTDG, DLTRDollar General CEO stays until 2016, may seek smaller acquisitions, Reuters says
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January 22, 2015
17:31 EDTFDOTrian Fund Management voting restrictions with Family Dollar have terminated
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09:43 EDTDGActive equity options trading
Active equity options trading according to Track Data: AAPL DG ABX AMZN FXCM LVS FFIV INFI SD
09:37 EDTDLTR, FDODollar Tree says Family Dollar merger could close as soon as March
Dollar Tree (DLTR) commented on the outcome of the shareholder vote of Family Dollar Stores (FDO) to approve the pending merger with Dollar Tree. It said, "Today’s vote of approval by Family Dollar shareholders represents a crucial step toward combining Dollar Tree, North America’s leading fixed-price point discount retailer, with Family Dollar, a leading multi-price point retailer with a 50+ year history of serving low and middle income customers By adding Family Dollar to our portfolio of brands, Dollar Tree will soon operate more than 13,000 stores in 48 states and five Canadian provinces with annual sales exceeding $18 billion. This merger enhances our geographic footprint and diversifies our business model. We intend to operate and grow both banners." Dollar Tree added that "several steps" need to take place to facilitate the successful completion of the acquisition. By the end of January, Dollar Tree expects to reach a preliminary agreement with the FTC staff on the list of substantially all of the stores to be divested. Dollar Tree then plans to finalize divestiture agreements with the selected buyers, to address any concerns of the investigating state attorneys general, and to execute a consent order with the FTC’s Bureau of Competition. Dollar Tree and Family Dollar have agreed to provide the FTC with four weeks’ notice prior to closing. Dollar Tree expects to initiate this four-week notice period after Dollar Tree executes a consent decree with the FTC’s Bureau of Competition, which should enable the closing of the merger as soon as March 2015.
09:25 EDTDLTR, DG, FDOFamily Dollar shareholders approve Dollar Tree merger
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09:24 EDTDLTR, DG, FDOFamily Dollar shareholders approve Dollar Tree merger
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09:24 EDTDGDollar General says focused on core business
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09:24 EDTDGDollar General says 'well positioned' for sustainable growth
09:23 EDTDLTR, DG, FDODollar General says Rick Dreiling to continue as chairman and CEO
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09:22 EDTDGDollar General says Rick Dreiling to continue as chairman and CEO
09:21 EDTDG, FDO, DLTRFamily Dollar holders approve Dollar Tree deal, Bloomberg reports
Family Dollar (FDO) shareholders approved today the buyout offer from Dollar Tree (DLTR), Bloomberg reports.
06:05 EDTDG, FDO, DLTRFamily Dollar investors expected to approve Dollar Tree deal, NY Post reports
Family Dollar (FDO) investors are poised to approve Dollar Tree's (DLTR) $8.5B cash and stock takeover offer at a meeting today, The New York Post reports. Reference Link
January 21, 2015
13:38 EDTWMTEarnings Preview: eBay shares rise over 5.5% since last earnings report
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10:01 EDTWMTOn The Fly: Analyst Downgrade Summary
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06:52 EDTWMTWal-Mart downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley downgraded Wal-Mart to Equal Weight citing balanced risk/reward and lack of margin growth due to potential re-investments.
January 20, 2015
13:01 EDTWMTWal-Mart launches cash pickup option for tax refunds
As Americans begin to file their tax returns, Walmart (WMT) announced the launch of a first-of-its-kind service that allows consumers to “skip the check” and pick up their tax refunds in cash. Walmart Direct2Cash is available nationwide starting today and will help customers save time and money when compared to traditional tax refund options. Walmart is working with Tax Products Group, a Green Dot Company (GDOT), and Republic Bank & Trust Company, member FDIC, two providers of tax-related financial products and services, to provide Walmart Direct2Cash as an option to millions of customers. The more than 25,000 tax preparation locations using software with the Walmart Direct2Cash option may provide this service for no additional fee or charge a maximum of $7 at the time of filing. Walmart does not charge customers a fee when refunds are claimed in a store.
09:44 EDTWMTSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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January 16, 2015
10:12 EDTWMTSprint unit Virgin Mobile to offer no contract data sharing plans
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10:01 EDTFDOOn The Fly: Analyst Downgrade Summary
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06:02 EDTDLTR, FDO, DGFamily Dollar downgraded to Hold from Buy at Jefferies
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