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Stock Market & Financial Investment News

News Breaks
March 26, 2009
05:55 EDTFDO, FDOFamily Dollar benefits from budget-conscious spending, BusinessWeek reports
Family Dollar Stores' (FDO) strategy of providing consumers with compelling values while managing to keep costs and prices stable have allowed it to maintain its streak of constant earnings in spite of the weak economy, says Ryan Crane, CIO at Stephens Investment Management Group. Many Americans have embraced budget-conscious spending, bolstering Family Dollar's sales and earnings. "This kind of thrifty shopping won't end anytime soon", Crane adds. Trading at $32.06 a share, Crane figures Family Dollar could easily double in 12 to 18 months. Reference Link
News For FDO From The Last 14 Days
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January 30, 2015
09:07 EDTFDOFamily Dollar reinstated with a Neutral at Goldman
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January 27, 2015
06:04 EDTFDOTrian sold 6M shares yesterday of Family Dollar
Nelson Peltz's Trian Fund Management disclosed that on January 26, it sold an aggregate of 6M Family Dollar shares. Following such sales, Trian continues to beneficially own an aggregate of 2.36M shares, representing approximately 2.07% of the company.
January 26, 2015
10:38 EDTFDOFamily Dollar reports January preliminary SSS up 1.2%
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January 22, 2015
17:31 EDTFDOTrian Fund Management voting restrictions with Family Dollar have terminated
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09:37 EDTFDODollar 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 EDTFDOFamily Dollar shareholders approve Dollar Tree merger
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09:24 EDTFDOFamily Dollar shareholders approve Dollar Tree merger
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09:23 EDTFDODollar General says Rick Dreiling to continue as chairman and CEO
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09:21 EDTFDOFamily 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 EDTFDOFamily 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

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