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Stock Market & Financial Investment News

News Breaks
January 4, 2013
10:40 EDTFDOFamily Dollar price target lowered to $69 from $78 at MKM Partners
MKM Partners reduced its price target on Family Dollar after the company reported lower than expected Q1 EPS. The firm expects the company's margin trends to be weak in the near-term but predicts that the company's margin pressures will ease in 2H13, helping it to generate stronger EPS growth in 2H13. The firm maintains a Buy rating on the stock.
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August 18, 2014
08:18 EDTFDODollar General says can mange Family Dollar 'more efficiently and effectively'
Dollar General (DG) says it believes its proposal "far superior" for Family Dollar (FDO) shareholders. Believes company can manage Family Dollar "more efficiently and effectively." Sees approximately $300M-$400M in one-time costs to capture synergies. Sees investment of $400M in CapEx. Says proposed deal would be low double digit percentage accretive in year one, ex-integration and transformation costs. Dollar General notes commitment to return to investment grade credit profile, anticipated three years post closing. Says positioned for long term revenue and earnings growth. Says ready to move to complete due diligence on Family Dollar deal. Says synergies expected to ramp up throughout three-year period. Comments made on Dollar General's conference call discussing its acquisition proposal of Family Dollar for $78.50 per share.
06:27 EDTFDODollar General to host conference call
Conference call to discuss acquisition proposal of Family Dollar will be held on August 18 at 8 am. Webcast Link
06:24 EDTFDOOptions expected to be active
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06:13 EDTFDODollar General makes proposal to acquire Family Dollar for $78.50 per share
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06:10 EDTFDODollar General makes proposal to acquire Family Dollar for $78.50 per share
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06:03 EDTFDODollar General makes $78.50/share offer for Family Dollar, CNBC reports
Dollar General (DG) will announce today a $78.50 per share in cash offer to acquire Family Dollar (FDO), CNBC's Andrew Ross Sorkin reports. Dollar Tree (DLTR) is seeking to buy Family Dollar for $74.50 per share.
06:00 EDTFDODollar General offers to buy Family Dollar for $78.50/share, CNBC reports
August 14, 2014
17:16 EDTFDOPaulson & Co gives quarterly update on stakes
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August 12, 2014
07:36 EDTFDODollar Tree filing shows Family Dollar talks underway before Icahn involvement
A regulatory filing explaining the history of the merger agreement between Dollar Tree (DLTR) and Family Dollar (FDO) showed that, on February 24, a representative of Dollar Tree's financial advisor, JPMorgan, made a telephone call to a representative of Morgan Stanley to express Dollar Tree's interest in discussing a potential business combination transaction with Family Dollar. The filing also states that on June 6 Carl Icahn and certain of his affiliates filed a Schedule 13D disclosing that together they beneficially owned approximately 9.39% of the then-outstanding shares of Family Dollar common stock and that they wished to discuss with Family Dollar its business and strategies to enhance stockholder value. That day, Icahn telephoned Howard Levine, Chairman and CEO of Family Dollar, to discuss the Schedule 13D filing and to express an interest in additional communications with Family Dollar's management regarding the company's current operations and future plans, including potential strategic opportunities and potential business combination transactions. Levine asked Icahn whether he would be willing to sign a non-disclosure agreement and Icahn declined, the filing stated. Additionally on June 6, a member of the board of directors of "Company A" emailed Levine to suggest that they speak. On June 7, Levine and the member of the board of directors of Company A had a telephone conversation, during which the representative of Company A "indicated that Company A would be reluctant to participate in the negotiation of a transaction with Family Dollar if Mr. Icahn were to have a role in or control over the process," the filing states, without identifying Company A. Many, including the Wall Street Journal, have surmised that "Company A" in the filing may refer to Dollar General (DG).
August 8, 2014
10:36 EDTFDOOptions with increasing implied volatility
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August 7, 2014
10:51 EDTFDOOptions with increasing implied volatility
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August 6, 2014
09:51 EDTFDODollar General bid for Family Dollar a low probability, says FBR Capital
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