Elliott Management sent a letter to Family Dollar's board, nominating seven new directors on Friday.» Read More
Oct 17- Activist investor Elliott Advisors UK Ltd nominated seven candidates for election to Family Dollar Stores Inc's board as it looks to push for a sale of the dollar store operator to bigger rival Dollar General Corp.. Dollar General's offer is "clearly superior" to Dollar Tree Inc's bid, Elliott said in a letter to Family Dollar's board and Chief Executive...
Family Dollar Stores Inc. accepted an $8.5 billion cash and stock buyout offer from fellow discounter Dollar Tree in July. Family Dollar said previously that regulators are less likely to raise antitrust concerns in a deal with Dollar Tree. Elliott Management said that Family Dollar missed a chance to get Dollar General and Dollar Tree into a bidding war.
Oct 17- Activist investor Elliott Advisors UK Ltd nominated seven candidates for election to Family Dollar Stores Inc's board as it looks to push for a sale of the dollar store operator to bigger rival Dollar General Corp.. Elliot holds a stake of about 4.9 percent in Family Dollar, the hedge fund said in a statement on Friday. Dollar General's offer was "clearly...
The requests will effectively extend the waiting period imposed under the anti-trust act.
Dollar General, which is vying with rival Dollar Tree to buy Family Dollar, also received a second request from the FTC under U.S. anti-trust regulations, Family Dollar said. In August, Family Dollar rejected a $9 billion buyout offer from Dollar General, opting instead for a smaller cash-and-stock bid of $8.5 billion by Dollar Tree. The company also spurned...
Some of the names on the move ahead of the open.
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Sept 26- Family Dollar Stores Inc said certain state attorneys general have notified the company that they will investigate larger rival Dollar General Corp's takeover bid over competitive concerns. Family Dollar spurned Dollar General's sweetened $9.1 billion all-cash bid earlier this month, saying the offer still did not address antitrust concerns.
Family Dollar Stores Inc said certain state attorney generals have notified it that they will investigate Dollar General Corp's takeover bid.
Sept 15- RadioShack Corp's chief financial officer resigned, citing personal reasons, amid reports that the cash-strapped electronics retailer was negotiating a financial package to help it avoid bankruptcy. Shares of RadioShack, which last week warned it may seek bankruptcy protection, rose as much as 23 percent on Monday.
Sept 15- Electronics retailer RadioShack Corp, teetering on the brink of bankruptcy, said John Feray resigned as chief financial officer on Friday, less than eight months after taking up the post.
Sept 15- Struggling electronics retailer RadioShack Corp, which is teetering on the brink of bankruptcy, said John Feray resigned as chief financial officer last week. Advisory firm AlixPartners has been helping RadioShack with its turnaround since July 2013.
BOSTON, Sept 11- Some Dollar Tree Inc investors are crossing their fingers the company doesn't succeed in its $8.5 billion takeover of Family Dollar Stores Inc, saying it could expand and repurchase stock with the $305 million breakup fee while avoiding all the risk of a major acquisition.
Sept 10- Dollar General Corp took its $9.1 billion offer for Family Dollar Stores Inc hostile, directly approaching the shareholders of its smaller rival after being spurned twice by the company.
CNBC's David Faber reports Dollar General has gone hostile in its bid for Family Dollar. Faber says Family Dollar is proceeding with its plans to be bought by Dollar Tree in a deal for less than what Dollar General is offering.
Dollar General took its $9.1 billion offer for Family Dollar Stores hostile, directly approaching the shareholders of its smaller rival.
Some of the names on the move ahead of the open.
NEW YORK, Sept 10- U.S. stock index futures were a touch higher on Wednesday, suggesting investors found few reasons to jump back into the market even after a recent string of weakness. *The S&P 500 fell sharply on Tuesday, closing under its 14- day moving average for the first time since Aug. 12, a cautious signal for short-term momentum.
Sept 10- Dollar General Corp said it would take its $9.1 billion offer directly to shareholders of Family Dollar Stores Inc, after being spurned twice by its smaller rival. The company said it had started a tender offer to buy all shares of Family Dollar for $80 per share. Reuters reported on Tuesday that Dollar General would go hostile with its offer.