Activist investor Carl Icahn said he is hopeful more potential buyers will surface for Family Dollar.» Read More
July 29- Activist investor Carl Icahn cut his stake in Family Dollar Stores Inc, a day after the company agreed to be bought by rival discount chain Dollar Tree Inc for $8.5 billion. Icahn said he was "determined" to dispose part of his stake rather than wait for the deal to close or for higher offers to emerge.
2. "Hercules," MGM/ Paramount, $29,800,263, 3,595 locations, $8,289 average, $29,800,263, 1 week. 6. "Sex Tape," Sony, $6,052,050, 3,062 locations, $1,977 average, $26,953,582, 2 weeks. 7. "Transformers: Age of Extinction," Paramount, $4,702,553, 2,476 locations, $1,899 average, $236,455,028, 5 weeks.
*Company to beat Dollar General as top N. America discount chain. July 28- Dollar Tree Inc agreed to buy rival discount chain Family Dollar Stores Inc for $8.5 billion to fend off growing competition from Wal-Mart Stores Inc and fellow discounter Dollar General Corp..
July 28- Herbalife Ltd, a maker of weight-loss and nutritional products, cut its sales outlook for the year after raising it three months earlier, sending its shares down 10.5 percent in extended trading.
Homebuilder D.R. Horton fell 3 percent, making it one of the biggest decliners in the S&P 500.. Family Dollar soared 23 percent after Dollar Tree announced plans to buy the rival discount store. Last month, Carl Icahn, who has built up a stake in the company, urged Family Dollar to sell itself.
July 28- Discount store chain Dollar Tree Inc offered to buy rival Family Dollar Stores Inc for about $8.5 billion, in a deal the companies said would create North America's leading discount retailer. Dollar Tree's offer of $74.50 per share in cash and stock represents a premium of about 23 percent over Family Dollar's close of $60.66 on Friday.
NEW YORK— Dollar Tree is buying rival discounter Family Dollar, giving it a wider reach in the intensifying fight for deal-seeking customers. On Monday, Dollar Tree CEO Bob Sasser noted that his company and Family Dollar have different business models.
LOS ANGELES— Luc Besson's "Lucy" proved mind can overpower muscle, topping a remake of "Hercules" by director Brett Ratner at the box office on the weekend. The Universal Pictures- released movie starring Scarlett Johansson as an accidental psychokinetic took in $44 million in North American movie theaters over the weekend, according to studio estimates Sunday.
CALGARY/ VANCOUVER, July 23- Talisman Energy Inc shares rose more than 12 percent on Wednesday as it confirmed it has been approached by Spain's Repsol SA about potential deals, raising the prospect that one of Canada's largest independent oil companies will sell off major assets or be taken over.
CALGARY, Alberta, July 23- Talisman Energy Inc said on Wednesday it has been approached by Repsol, a day after a report that the Spanish oil producer was considering a bid for Canada's No. 5 oil company.
NEW YORK— Activist investor Bill Ackman fired his latest salvo at the weight loss and nutritional supplements company Herbalife on Tuesday, alleging that one of the business models used by its distributors is evidence that the company operates as an illegal pyramid scheme.
Herbalife shares rose more than 17 percent to $63.29 in heavy volumes, more than recovering the losses made Monday after Ackman told CNBC he would expose Herbalife as an "incredible fraud" and deal the company a "death blow."
1. "Dawn of the Planet of the Apes," 20th Century Fox, $36,254,310, 3,969 locations, $9,134 average, $139,207,154, 2 weeks. 3. "Planes: Fire& Rescue," Disney, $17,509,407, 3,826 locations, $4,576 average, $17,509,407, 1 week. 4. "Sex Tape," Sony, $14,608,152, 3,062 locations, $4,771 average, $14,608,152, 1 week.
20th Century Fox's science fiction sequel outmuscled a trio of new films to top the North American box office for the second-straight week with $36 million, according to studio estimates Sunday. Universal's low-budget sequel to last year's surprise hit, "The Purge," opened with $28.4 million, down from the $34.1 million the original scared up on opening weekend.
CNBC's Kate Kelly shares highlights from yesterday's Delivering Alpha conference, where many hedge fund managers were hot on the oil boom.
CNBC's Scott Wapner presided over the truce between billionaire Carl Icahn and hedge fund titan Bill Ackman over their Herbalife foray.
CNBC's Kate Kelly shares highlights from Wednesday's Delivering Alpha annual conference, including Ken Griffin's recollections of Citadel's battle back from the brink, and Leon Cooperman's insights on the markets.
The billionaire investors, who have been at odds over nutrition and diet company Herbalife, made up in public on Wednesday, ending a decade long feud that exploded on cable television 18 months ago.
Bill Ackman, Pershing Square Capital Management, says he would love for Carl Icahn to take his profits in Herbalife.
Carl Icahn, Icahn Enterprises chairman, and Bill Ackman, Pershing Square Capital Management, share the stage to discuss how they've move past their feud over Herbalife.