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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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July 28, 2014
08:25 EDTFDO, DLTRFamily Dollar Stores volatility expected to move on Dollar Tree acquiring
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08:07 EDTFDO, DLTRDollar Tree volatility expected to move on acquiring Family Dollar for $8.5B
Dollar Tree (DLTR) volatility is expected to move on acquiring Family Dollar Stores (FDO) for $74.50 per share. Overall option implied volatility of 21 is near its 26-week average of 22 according to Track Data, suggesting non-directional price movement.
07:12 EDTFDO, DLTRDollar Tree says CEO Bob Sasser to serve as CEO of combined company
Dollar Tree (DLTR) says Family Dollar (FDO) deal expected to be low to mid single digit percentage accretive to cash EPS in first financial year after close. Sees approximately $300M of annual run rate synergies to be achieved by third year post-closing. Says one time costs to achieve synergies of approximately $300M. Says Dollar Tree CEO Bob Sasser will serve as CEO of combined company. Says Family Dollar CEO Howard Levine to report to Sasser. Comments from slides that will be presented on Dollar Tree's conference call discussing its merger agreement to acquire Family Dollar.
06:43 EDTDLTR, FDODollar Tree to host conference call
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06:12 EDTFDO, DLTRDollar Tree to acquire Family Dollar for $74.50 per share in cash, stock
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06:07 EDTDLTR, FDODollar Tree to acquire Family Dollar for $74.50 per share in cash, stock
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July 27, 2014
08:58 EDTWMTWal-Mart doesn't look cheap, Barron's says
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July 24, 2014
11:32 EDTWMTWal-Mart U.S. CEO change not likely due to current trends, says RW Baird
RW Baird believes the departure of Bill Simon from his post as CEO of Wal-Mart U.S. has more to do with the executive's long-term career planning than with current trends, which the firm believes remain sluggish. Baird keeps its Outperform rating and $84 price target on Wal-Mart.
08:38 EDTWMTWal-Mart volatility at historic low into Foran succeeding Simon as U.S. CEO
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08:31 EDTWMTWal-Mart names Greg Foran as president and CEO of Walmart U.S.
Walmart announced that Greg Foran has been promoted to President and CEO of Walmart U.S. Foran succeeds Bill Simon who has been in the role since June 2010 and will be transitioning out of the company. Foran will assume his responsibilities on August 9 and will report directly to Walmart President and CEO, Doug McMillon. Simon will be available on a consulting basis for the next six months to ensure a seamless transition.
06:56 EDTWMTCourt rules Wal-Mart to show bribery probe documents, Reuters says
The Delaware Supreme Court ruled that Wal-Mart Stores must show a shareholder documentation that has to do with the firm's internal investigation of allegations it paid bribes in Mexico, according to Reuters, citing comments from a company spokeswoman. Reference Link
July 22, 2014
06:55 EDTWMTWal-Mart reduces prices more intensly for back-to-school, Bloomberg says
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July 21, 2014
16:00 EDTDGOptions Update; July 21, 2014
iPath S&P 500 VIX Short-Term Futures up 65c to 28.53. Option volume leaders: AAPL FB NFLX DG CMCSA GILD PBR TWTR TSLA according to Track Data.
13:23 EDTDGHigh option volume stocks: RFMD LCI MR PII DG CTRL
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06:42 EDTWMTWal-Mart adds over $102M to Indian wholesale unit, Reuters says
Wal-Mart added fresh funds worth $102.9M into its Indian wholesale division last month, according to Reuters, citing a filing made by its Indian business to the Registrar of Companies. The filing detailed that the funds were allotted as share application money. Reference Link
July 16, 2014
17:15 EDTFDOIcahn not happy with Family Dollar management
17:14 EDTFDO, DGIcahn: Dollar General CEO leaving may impact possible deal with Family Dollar
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17:08 EDTFDO, DGIcahn disappointed Dollar General CEO leaving
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15:54 EDTFDO, DGPeltz says 'not satisfied' with performance at Family Dollar
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10:35 EDTFDOOptions with decreasing implied volatility
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