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Stock Market & Financial Investment News

News Breaks
January 18, 2013
05:55 EDTFDO, FDOFamily Dollar management to meet with Guggenheim
Meeting to be held in New York on January 23 hosted by Guggenheim.
News For FDO From The Last 14 Days
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December 24, 2014
07:19 EDTFDOFamily Dollar continues to have execution issues, says MKM Partners
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December 23, 2014
11:30 EDTFDODollar General extends buyout offer for Family Dollar to January 30
Dollar General (DG) announced that it has extended its tender offer to acquire all outstanding shares of Family Dollar Stores (FDO) for $80.00 per share in cash to 5:00 p.m., New York City time, on January 30, 2015, unless further extended. The tender offer was previously set to expire on December 31. All other terms and conditions of the tender offer remain unchanged. As of December 22, 3,.92M common shares of Family Dollar had been validly tendered into, and not withdrawn from, the tender offer. Dollar General said it "remains committed to the proposed acquisition of Family Dollar and will continue to cooperate with the Federal Trade Commission to obtain antitrust regulatory clearance for the transaction." Goldman Sachs is acting as financial advisor to Dollar General.
10:37 EDTFDOFamily Dollar adjourns special meeting of stockholders to January 22, 2015
Family Dollar Stores (FDO) made the following announcement regarding the Special Meeting of Stockholders to vote on its proposed merger with Dollar Tree, Inc. (DLTR), which was convened at 10:00 a.m. local time. Since there were insufficient votes at the time of the Special Meeting to adopt the Dollar Tree merger agreement, a proposal was submitted to stockholders to adjourn the Special Meeting before taking a vote on the merger. Family Dollar stockholders adopted the adjournment proposal by a vote of approximately 72 million shares to 15 million shares. Accordingly, the Special Meeting has been adjourned to 9:00 a.m. local time on January 22, 2015, at the Mint Museum Randolph, 2730 Randolph Road, Charlotte, North Carolina.
10:27 EDTFDOFamily Dollar meeting on Dollar Tree bid adjourned, Charlotte Observer reports
As expected, Family Dollar (FDO) adjourned its shareholder meeting on a proposed sale to Dollar Tree (DLTR) as the company awaits word on whether the Federal Trade Commission would allow or block a rival $9.1B hostile takeover bid from Dollar General (DG), reported the Charlotte Observer. Reference Link
07:55 EDTFDOFamily Dollar to hold special shareholder meeting
Special shareholder meeting to vote on the merger with Dollar Tree to be held on December 23 at 10 am.
December 21, 2014
19:04 EDTFDOFamily Dollar vote on Dollar Tree offer set for Dec. 23, Bloomberg says
A judge will not block Family Dollar Stores' (FDO) shareholders from voting on the $8.5B offer from Dollar Tree (DLTR), until Family Dollar Stores' executives get a chance to "seriously weigh" a competing bid from Dollar General (DG), says Bloomberg. The judge's decision clears the way for a December 23 vote by Family Dollar Stores' shareholders on the Dollar Tree offer, added Bloomberg. Reference Link
December 19, 2014
09:44 EDTFDOFamily Dollar to delay shareholder vote on Dollar Tree deal, CNBC says
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09:06 EDTFDODollar General says actively engaged with FTC on proposed Family Dollar deal
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December 16, 2014
09:18 EDTFDODollar General likely to win Family Dollar takeover war, says Sterne Agee
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07:09 EDTFDODollar General price target raised to $86 from $73 at Deutsche Bank
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December 15, 2014
06:10 EDTFDOFamily Dollar 'likely' to postpone investor vote on Dollar Tree deal, NYP says
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